Aptiv PLC (NYSE:APTV) Shares Acquired by Middleton & Co. Inc. MA

Key Points

• Middleton & Co. Inc. MA increased its holdings in Aptiv PLC by 63.1% in Q1, now owning 33,668 shares valued at approximately $2,003,000.
• Aptiv's stock experienced a 1.3% decline, opening at $64.78, with a market capitalization of $14.10 billion.
• Several research analysts have given Aptiv a consensus rating of "Moderate Buy" with a price target of $80.56, despite mixed individual ratings ranging from "sell" to "strong buy."

Middleton & Co. Inc. MA increased its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 63.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,668 shares of the auto parts company's stock after acquiring an additional 13,026 shares during the quarter. Middleton & Co. Inc. MA's holdings in Aptiv were worth $2,003,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its stake in Aptiv by 27.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,870 shares of the auto parts company's stock valued at $355,000 after purchasing an additional 1,271 shares during the period. ExodusPoint Capital Management LP increased its stake in Aptiv by 263.0% in the fourth quarter. ExodusPoint Capital Management LP now owns 38,694 shares of the auto parts company's stock valued at $2,340,000 after purchasing an additional 28,035 shares during the period. Prudential PLC increased its stake in Aptiv by 19.5% in the fourth quarter. Prudential PLC now owns 8,873 shares of the auto parts company's stock valued at $537,000 after purchasing an additional 1,449 shares during the period. Wells Fargo & Company MN increased its stake in Aptiv by 6.5% in the fourth quarter. Wells Fargo & Company MN now owns 292,313 shares of the auto parts company's stock valued at $17,679,000 after purchasing an additional 17,881 shares during the period. Finally, FMR LLC increased its stake in Aptiv by 1.7% in the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock valued at $470,247,000 after purchasing an additional 126,882 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Price Performance

Shares of NYSE APTV traded up $0.65 on Thursday, hitting $65.77. The company's stock had a trading volume of 3,011,801 shares, compared to its average volume of 2,640,516. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $75.41. The company has a market capitalization of $14.32 billion, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 0.73 and a beta of 1.48. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.24. The stock has a 50 day moving average of $68.66 and a 200-day moving average of $63.92.

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

Wall Street Analyst Weigh In

APTV has been the topic of several analyst reports. Oppenheimer reaffirmed an "outperform" rating and issued a $88.00 target price (up previously from $84.00) on shares of Aptiv in a report on Monday. Robert W. Baird set a $82.00 target price on shares of Aptiv and gave the company an "outperform" rating in a report on Friday, July 11th. Wells Fargo & Company lifted their target price on shares of Aptiv from $86.00 to $89.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wolfe Research downgraded shares of Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Friday, August 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $81.50.

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.