Mediolanum International Funds Ltd Invests $1.42 Million in Aptiv PLC (NYSE:APTV)

Key Points

• Mediolanum International Funds Ltd acquired a new stake in Aptiv PLC by purchasing 23,371 shares valued at approximately $1,416,000 during the first quarter.
• Aptiv's stock currently has an average rating of "Moderate Buy" with an average price target of $81.63, reflecting varied analyst opinions on the company.
• For its recent quarter, Aptiv reported $1.69 EPS, exceeding expectations, with a revenue of $4.83 billion, though it represented a 1.6% decrease from the previous year.

Mediolanum International Funds Ltd purchased a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 23,371 shares of the auto parts company's stock, valued at approximately $1,416,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. LPL Financial LLC boosted its position in shares of Aptiv by 19.0% in the 4th quarter. LPL Financial LLC now owns 349,407 shares of the auto parts company's stock worth $21,132,000 after buying an additional 55,739 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Aptiv by 8.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 474,151 shares of the auto parts company's stock worth $28,700,000 after acquiring an additional 35,426 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Aptiv by 25.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock valued at $168,619,000 after purchasing an additional 552,066 shares in the last quarter. NEOS Investment Management LLC lifted its holdings in shares of Aptiv by 28.5% in the fourth quarter. NEOS Investment Management LLC now owns 11,184 shares of the auto parts company's stock valued at $676,000 after purchasing an additional 2,483 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Aptiv in the fourth quarter valued at approximately $106,492,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Performance

Shares of NYSE:APTV traded down $3.04 during trading hours on Friday, hitting $65.60. The stock had a trading volume of 1,234,926 shares, compared to its average volume of 3,017,296. The stock's fifty day simple moving average is $68.81 and its 200 day simple moving average is $63.81. The firm has a market capitalization of $14.28 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.76 and a beta of 1.46. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.61. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $75.41.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The firm had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. During the same period last year, the firm earned $1.58 EPS. The firm's revenue was up 3.1% compared to the same quarter last year. Sell-side analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Robert W. Baird set a $82.00 price objective on Aptiv and gave the stock an "outperform" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. boosted their price target on Aptiv from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Friday. Bank of America upped their price objective on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Royal Bank Of Canada lifted their price objective on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Piper Sandler set a $70.00 price target on shares of Aptiv and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $80.38.

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.