Nuveen LLC Purchases New Holdings in Aptiv PLC (NYSE:APTV)

Key Points

• Nuveen LLC has acquired a new stake in Aptiv PLC by purchasing 803,777 shares valued at approximately $47.8 million, representing about 0.37% of the company.
• Recent analyst ratings for Aptiv include a target price increase from UBS Group to $75.00 and a buy rating from Bank of America at $85.00, indicating a generally positive outlook.
• Aptiv reported strong quarterly results, with earnings of $2.12 per share, exceeding expectations by $0.29, and revenues of $5.21 billion, signaling a 3.1% year-over-year increase.

Nuveen LLC purchased a new stake in Aptiv PLC (NYSE:APTV - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 803,777 shares of the auto parts company's stock, valued at approximately $47,825,000. Nuveen LLC owned about 0.37% of Aptiv as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Middleton & Co. Inc. MA boosted its holdings in Aptiv by 63.1% in the first quarter. Middleton & Co. Inc. MA now owns 33,668 shares of the auto parts company's stock valued at $2,003,000 after purchasing an additional 13,026 shares during the last quarter. Principal Financial Group Inc. lifted its holdings 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 worth $16,826,000 after buying an additional 9,552 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings 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 worth $1,333,000 after buying an additional 10,585 shares during the last quarter. GAMMA Investing LLC lifted 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 buying an additional 2,138 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted 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 buying an additional 15,849 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on APTV. UBS Group increased their target price on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Bank of America increased their target price on Aptiv from $80.00 to $85.00 and gave the stock 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. Wells Fargo & Company increased their target price on Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Wall Street Zen raised Aptiv to a "hold" rating in a report on Saturday, June 21st. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $81.81.

Aptiv Stock Down 0.5%

Shares of APTV stock opened at $74.32 on Friday. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $75.41. The stock has a market cap of $16.18 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 0.84 and a beta of 1.48. The business's fifty day moving average is $69.09 and its 200-day moving average is $64.21. 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 (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. During the same period last year, the firm earned $1.58 EPS. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. Equities analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Aptiv 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.

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