Aptiv PLC (NYSE:APTV) Shares Purchased by Neuberger Berman Group LLC

Key Points

• Neuberger Berman Group LLC has increased its stake in Aptiv PLC by 19.2%, now owning 369,000 shares valued at approximately $21.95 million.
• Aptiv reported earnings of $2.12 EPS for the latest quarter, exceeding estimates of $1.83, with a year-over-year revenue increase of 3.1%.
• Analysts have lifted their price targets for Aptiv, with Royal Bank Of Canada setting a new target of $92.00 and a consensus rating of "Moderate Buy."

Neuberger Berman Group LLC grew its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 19.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 369,000 shares of the auto parts company's stock after buying an additional 59,440 shares during the period. Neuberger Berman Group LLC owned 0.17% of Aptiv worth $21,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of APTV. Zions Bancorporation National Association UT purchased a new stake in Aptiv during the 1st quarter worth about $26,000. Mather Group LLC. lifted its holdings in Aptiv by 155.2% during the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after buying an additional 385 shares during the last quarter. Eastern Bank purchased a new stake in Aptiv during the 1st quarter worth about $39,000. Versant Capital Management Inc lifted its holdings in Aptiv by 201.7% during the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after buying an additional 470 shares during the last quarter. Finally, UMB Bank n.a. purchased a new stake in Aptiv during the 1st quarter worth about $48,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Price Performance

Shares of APTV traded down $0.16 on Friday, reaching $74.13. The stock had a trading volume of 1,896,279 shares, compared to its average volume of 2,876,375. The firm has a market capitalization of $16.14 billion, a PE ratio of 16.96, a PEG ratio of 0.83 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. The firm has a 50-day moving average of $69.24 and a 200 day moving average of $64.30. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $75.41.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The company had revenue of $5.21 billion during 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%. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 earnings per share. Sell-side analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Ratings Changes

APTV has been the subject of several research reports. Royal Bank Of Canada boosted their target price on Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Robert W. Baird set a $82.00 target price on Aptiv and gave the company an "outperform" rating in a report on Friday, July 11th. Bank of America boosted their target price on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a report on Monday, June 16th. Guggenheim downgraded Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. boosted their target price on 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 given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $81.81.

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.