National Bank of Canada FI Buys 105,371 Shares of Aptiv PLC (NYSE:APTV)

Key Points

• National Bank of Canada FI significantly increased its stake in Aptiv PLC by 71.7%, acquiring an additional 105,371 shares to hold a total of 252,248 shares valued at $15,008,000.
• Aptiv reported $2.12 earnings per share for the quarter, surpassing expectations and showing a year-over-year revenue increase of 3.1% to $5.21 billion.
• Analysts have mixed ratings on Aptiv, with a consensus of "Moderate Buy"** and an average price target of $81.50, amidst updated price objectives ranging from $82.00 to $92.00.

National Bank of Canada FI increased its stake in Aptiv PLC (NYSE:APTV - Free Report) by 71.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 252,248 shares of the auto parts company's stock after acquiring an additional 105,371 shares during the quarter. National Bank of Canada FI owned 0.12% of Aptiv worth $15,008,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Middleton & Co. Inc. MA increased its stake in shares of Aptiv by 63.1% in the 1st quarter. Middleton & Co. Inc. MA now owns 33,668 shares of the auto parts company's stock valued at $2,003,000 after acquiring an additional 13,026 shares in the last quarter. Principal Financial Group Inc. increased its stake in Aptiv by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company's stock valued at $16,826,000 after purchasing an additional 9,552 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Aptiv by 89.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company's stock valued at $1,333,000 after purchasing an additional 10,585 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Aptiv by 348.2% during the 1st quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company's stock worth $164,000 after acquiring an additional 2,138 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Aptiv by 5.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 303,652 shares of the auto parts company's stock worth $18,067,000 after acquiring an additional 15,849 shares during the last quarter. Institutional investors own 94.21% of the company's stock.

Aptiv Stock Down 0.2%

Shares of APTV opened at $66.80 on Tuesday. The firm has a market cap of $14.55 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.75 and a beta of 1.48. The stock has a 50 day simple moving average of $68.64 and a two-hundred day simple moving average of $64.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.24. 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 issued its earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%. Aptiv's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 earnings per share. On average, analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on APTV. Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Barclays upped their price objective on shares of Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. upped their price objective on shares of Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Robert W. Baird set a $82.00 price objective on shares of Aptiv and gave the company an "outperform" rating in a report on Friday, July 11th. Finally, Royal Bank Of Canada upped their price objective on shares of Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and an average price target of $81.50.

About Aptiv

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.

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