Aptiv PLC (NYSE:APTV) Shares Acquired by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its holdings in Aptiv PLC by 29.2%, acquiring an additional 15,164 shares, bringing their total to 67,017 shares valued at approximately $3.99 million.
• Aptiv reported strong quarterly earnings, with an EPS of $2.12, exceeding analysts' expectations, and revenue of $5.21 billion, marking a 3.1% increase year-over-year.
• According to research analysts, Aptiv has an average rating of "Moderate Buy" with a consensus price target of $81.50, and varying ratings from "overweight" to "neutral" reflecting differing outlooks.

Natixis Advisors LLC lifted its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 29.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 67,017 shares of the auto parts company's stock after acquiring an additional 15,164 shares during the period. Natixis Advisors LLC's holdings in Aptiv were worth $3,988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Covestor Ltd raised its holdings in shares of Aptiv by 11.4% during the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after acquiring an additional 186 shares during the period. Stephens Inc. AR raised its holdings in Aptiv by 5.4% in the 1st quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company's stock valued at $234,000 after buying an additional 201 shares during the period. OLD Second National Bank of Aurora raised its holdings in Aptiv by 1.0% in the 1st quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company's stock valued at $1,461,000 after buying an additional 239 shares during the period. ProShare Advisors LLC raised its holdings in Aptiv by 0.5% in the 4th quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock valued at $3,128,000 after buying an additional 248 shares during the period. Finally, Rafferty Asset Management LLC raised its holdings in Aptiv by 1.3% in the 4th quarter. Rafferty Asset Management LLC now owns 25,669 shares of the auto parts company's stock valued at $1,552,000 after buying an additional 341 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Stock Performance

NYSE APTV traded up $1.05 on Friday, reaching $66.85. The stock had a trading volume of 1,948,263 shares, compared to its average volume of 2,645,704. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $75.41. The business's 50-day moving average price is $68.61 and its 200 day moving average price is $63.98. The stock has a market cap of $14.56 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 0.74 and a beta of 1.48.

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, topping the consensus estimate of $1.83 by $0.29. Aptiv had a return on equity of 18.46% and a net margin of 5.12%. The business had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.02 billion. During the same quarter in the prior year, the business earned $1.58 earnings per share. The company's quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on APTV shares. UBS Group boosted their price objective on shares of Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 14th. JPMorgan Chase & Co. boosted 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. Wells Fargo & Company lifted their target price on Aptiv from $86.00 to $89.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Bank of America lifted their target price on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Finally, Wolfe Research downgraded Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. 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. Based on data from MarketBeat.com, Aptiv has a consensus 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.