Raiffeisen Bank International AG Buys 20,245 Shares of Aptiv PLC (NYSE:APTV)

Key Points

• Raiffeisen Bank International AG increased its stake in Aptiv PLC by 22.5% in Q1, owning 110,245 shares valued at $6.68 million.
• Aptiv reported $2.12 EPS for the last quarter, exceeding estimates of $1.83, with revenue of $5.21 billion.
• Market analysts have mixed ratings on Aptiv, with a consensus price target of $80.38, indicating a "Moderate Buy" recommendation.

Raiffeisen Bank International AG increased its position in Aptiv PLC (NYSE:APTV - Free Report) by 22.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,245 shares of the auto parts company's stock after acquiring an additional 20,245 shares during the quarter. Raiffeisen Bank International AG owned about 0.05% of Aptiv worth $6,680,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AustralianSuper Pty Ltd acquired a new position in shares of Aptiv during the first quarter worth approximately $117,260,000. Pacer Advisors Inc. increased its stake in Aptiv by 5,379.7% in the first quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company's stock valued at $113,489,000 after purchasing an additional 1,872,571 shares in the last quarter. Paloma Partners Management Co increased its stake in Aptiv by 968.7% in the fourth quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock valued at $55,007,000 after purchasing an additional 824,400 shares in the last quarter. Cartenna Capital LP bought a new stake in shares of Aptiv during the fourth quarter worth $26,776,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Aptiv by 20.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,541,024 shares of the auto parts company's stock worth $153,674,000 after acquiring an additional 433,857 shares in the last quarter. Institutional investors own 94.21% of the company's stock.

Aptiv Trading Down 0.1%

Shares of NYSE APTV traded down $0.06 during midday trading on Tuesday, reaching $64.80. The stock had a trading volume of 7,104,730 shares, compared to its average volume of 2,440,993. 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 PLC has a twelve month low of $47.19 and a twelve month high of $75.41. The company's 50 day moving average price is $68.78 and its 200 day moving average price is $63.90. The firm has a market cap of $14.11 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 0.72 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the previous year, the company earned $1.58 EPS. Aptiv's quarterly revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on APTV shares. Bank of America increased their price target on shares of Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Piper Sandler set a $70.00 price target on shares of Aptiv and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Oppenheimer increased their price target on shares of Aptiv from $84.00 to $88.00 and gave the company an "outperform" rating in a research note on Monday. Guggenheim cut shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley cut their price target on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Aptiv presently has an average rating of "Moderate Buy" and a consensus target price of $81.50.

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.