Natixis Advisors LLC Has $3.99 Million Holdings in Aptiv PLC (NYSE:APTV)

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 grew its stake in Aptiv PLC (NYSE:APTV - Free Report) by 29.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. grew its position in shares of Aptiv by 155.2% in the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after purchasing an additional 385 shares during the period. Eastern Bank acquired a new stake in shares of Aptiv in the first quarter valued at about $39,000. Versant Capital Management Inc grew its position in shares of Aptiv by 201.7% in the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 470 shares during the period. UMB Bank n.a. acquired a new stake in shares of Aptiv in the first quarter valued at about $48,000. Finally, Blue Trust Inc. raised its stake in Aptiv by 48.4% during the first quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock worth $74,000 after purchasing an additional 406 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Aptiv Price Performance

APTV stock traded up $1.05 during trading on Friday, hitting $66.85. The company had a trading volume of 1,948,263 shares, compared to its average volume of 2,645,704. The firm has a market capitalization of $14.56 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 0.75 and a beta of 1.48. The business has a 50 day moving average of $68.61 and a 200 day moving average of $63.99. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $75.41. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79.

Aptiv (NYSE:APTV - Get Free Report) last issued 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. The firm had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. Aptiv's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 earnings per share. As a group, research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on APTV. Wall Street Zen raised shares of Aptiv to a "hold" rating in a research note on Saturday, June 21st. Wolfe Research downgraded shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price target on shares of Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. UBS Group boosted their price target on shares of Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.