Lyrical Asset Management LP Increases Holdings in Aptiv PLC (NYSE:APTV)

Key Points

• Lyrical Asset Management LP increased its stake in Aptiv PLC by 27.0% during Q1, owning a total of 83,345 shares valued at approximately $4.96 million.
• Analysts have mixed views on Aptiv, with an average rating of "Moderate Buy" and a consensus price target of $81.81.
• Aptiv's latest quarterly results exceeded expectations, reporting an EPS of $2.12 against an estimated $1.83, and a revenue of $5.21 billion compared to projections of $5.02 billion.

Lyrical Asset Management LP lifted its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 27.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 83,345 shares of the auto parts company's stock after acquiring an additional 17,702 shares during the quarter. Lyrical Asset Management LP's holdings in Aptiv were worth $4,959,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Neuberger Berman Group LLC raised its holdings in shares of Aptiv by 19.2% in the 1st quarter. Neuberger Berman Group LLC now owns 369,000 shares of the auto parts company's stock valued at $21,955,000 after acquiring an additional 59,440 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Aptiv by 2.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,443 shares of the auto parts company's stock valued at $502,000 after acquiring an additional 235 shares in the last quarter. Iyo Bank Ltd. raised its holdings in shares of Aptiv by 37.2% in the 1st quarter. Iyo Bank Ltd. now owns 63,730 shares of the auto parts company's stock valued at $3,792,000 after acquiring an additional 17,280 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Aptiv by 20.6% in the 1st quarter. Public Sector Pension Investment Board now owns 30,538 shares of the auto parts company's stock valued at $1,817,000 after acquiring an additional 5,222 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Aptiv in the 1st quarter valued at about $47,825,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barclays raised their price target on Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. UBS Group raised their price target on Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Oppenheimer reaffirmed an "outperform" rating and issued a $88.00 price target (up previously from $84.00) on shares of Aptiv in a report on Monday, August 4th. JPMorgan Chase & Co. increased their price objective on Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Wall Street Zen upgraded Aptiv to a "hold" rating in a research report on Saturday, June 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $81.81.

Aptiv Stock Down 0.2%

Shares of APTV traded down $0.16 on Friday, reaching $74.13. The stock had a trading volume of 1,896,279 shares, compared to its average volume of 2,876,375. The firm has a market capitalization of $16.14 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 0.83 and a beta of 1.48. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. The company has a 50-day simple moving average of $69.24 and a 200-day simple moving average of $64.30. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $75.41.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.58 earnings per share. Sell-side analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.