Middleton & Co. Inc. MA Has $2 Million Stock Position in Aptiv PLC (NYSE:APTV)

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 lifted its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 63.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 33,668 shares of the auto parts company's stock after buying an additional 13,026 shares during the quarter. Middleton & Co. Inc. MA's holdings in Aptiv were worth $2,003,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Raiffeisen Bank International AG lifted its holdings in Aptiv by 22.5% during the 1st quarter. Raiffeisen Bank International AG now owns 110,245 shares of the auto parts company's stock worth $6,680,000 after purchasing an additional 20,245 shares during the last quarter. J. Safra Sarasin Holding AG lifted its holdings in Aptiv by 150.7% during the 1st quarter. J. Safra Sarasin Holding AG now owns 24,257 shares of the auto parts company's stock worth $1,443,000 after purchasing an additional 14,583 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Aptiv by 28.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 28,266 shares of the auto parts company's stock worth $1,682,000 after purchasing an additional 6,201 shares during the last quarter. Jupiter Asset Management Ltd. lifted its holdings in Aptiv by 10.1% during the 1st quarter. Jupiter Asset Management Ltd. now owns 246,079 shares of the auto parts company's stock worth $14,642,000 after purchasing an additional 22,567 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp lifted its holdings in Aptiv by 60.5% during the 1st quarter. UNIVEST FINANCIAL Corp now owns 42,826 shares of the auto parts company's stock worth $2,548,000 after purchasing an additional 16,136 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Trading Up 1.6%

Shares of NYSE APTV traded up $1.05 during trading on Friday, reaching $66.85. The company had a trading volume of 1,948,263 shares, compared to its average volume of 2,645,704. The company's fifty day moving average price is $68.61 and its 200-day moving average price is $63.98. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $75.41. The stock has a market cap of $14.56 billion, a P/E ratio of 15.30, a PEG ratio of 0.74 and a beta of 1.48. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Guggenheim cut Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Piper Sandler set a $70.00 price objective on Aptiv and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Morgan Stanley lowered their price objective on Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, May 19th. Wolfe Research lowered Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Finally, Robert W. Baird set a $82.00 price objective on Aptiv and gave the stock an "outperform" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.