QRG Capital Management Inc. Acquires 5,693 Shares of Aptiv PLC (NYSE:APTV)

QRG Capital Management Inc. increased its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 39.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,134 shares of the auto parts company's stock after acquiring an additional 5,693 shares during the quarter. QRG Capital Management Inc.'s holdings in Aptiv were worth $1,198,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in APTV. Picton Mahoney Asset Management acquired a new position in Aptiv in the fourth quarter valued at about $37,000. Versant Capital Management Inc lifted its stake in 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 buying an additional 470 shares during the period. UMB Bank n.a. acquired a new position in Aptiv in the first quarter valued at about $48,000. MassMutual Private Wealth & Trust FSB lifted its stake in Aptiv by 164.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company's stock valued at $81,000 after buying an additional 848 shares during the period. Finally, GeoWealth Management LLC lifted its stake in Aptiv by 203.2% in the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock valued at $92,000 after buying an additional 1,022 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

Analyst Upgrades and Downgrades

APTV has been the topic of several analyst reports. Bank of America increased their target price on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 16th. TD Cowen assumed coverage on Aptiv in a research report on Friday, March 7th. They set a "buy" rating and a $90.00 price target on the stock. Barclays raised their price target on Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Royal Bank Of Canada raised their price target on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Robert W. Baird dropped their price target on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Aptiv has an average rating of "Moderate Buy" and a consensus target price of $81.56.

Aptiv Stock Down 1.0%

Shares of NYSE:APTV traded down $0.65 during trading on Friday, hitting $67.01. 6,297,116 shares of the company were exchanged, compared to its average volume of 3,473,247. The stock has a market cap of $14.59 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 0.75 and a beta of 1.47. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $80.95. The firm has a fifty day moving average price of $62.73 and a two-hundred day moving average price of $61.72. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.14. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The business's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 EPS. As a group, research analysts anticipate 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.