Park Avenue Securities LLC Makes New $397,000 Investment in Aptiv PLC (NYSE:APTV)

Park Avenue Securities LLC acquired a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,677 shares of the auto parts company's stock, valued at approximately $397,000.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Aptiv during the 4th quarter valued at about $106,492,000. Pictet Asset Management Holding SA lifted its holdings in shares of Aptiv by 1,018.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock worth $102,262,000 after purchasing an additional 1,539,724 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Aptiv by 11.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock valued at $864,206,000 after buying an additional 1,517,104 shares during the last quarter. Franklin Resources Inc. increased its holdings in Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $371,767,000 after buying an additional 1,408,433 shares during the period. Finally, Paloma Partners Management Co raised its position in Aptiv by 968.7% during the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock worth $55,007,000 after buying an additional 824,400 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on APTV. Wells Fargo & Company increased their price objective on shares of Aptiv from $75.00 to $85.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Morgan Stanley lowered their price target on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a report on Monday, May 19th. Guggenheim lowered Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. UBS Group boosted their price objective on Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, TD Cowen assumed coverage on Aptiv in a report on Friday, March 7th. They set a "buy" rating and a $90.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $82.50.

Aptiv Trading Down 3.7%

Shares of APTV opened at $67.13 on Friday. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $80.95. The firm has a market capitalization of $14.62 billion, a P/E ratio of 9.76, a P/E/G ratio of 0.62 and a beta of 1.47. The firm has a 50-day moving average price of $61.06 and a 200 day moving average price of $61.31. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Aptiv's revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.16 EPS. Sell-side analysts forecast that Aptiv PLC will post 7.2 EPS for the current 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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