Aptiv PLC (NYSE:APTV) Shares Acquired by Raiffeisen Bank International AG

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mather Group LLC. raised its stake in shares of Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 385 shares during the period. Eastern Bank purchased a new stake in Aptiv in the first quarter valued at approximately $39,000. Versant Capital Management Inc boosted its position in shares of Aptiv by 201.7% during the first 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 period. UMB Bank n.a. acquired a new stake in shares of Aptiv in the first quarter valued at $48,000. Finally, Blue Trust Inc. raised its holdings in shares of Aptiv by 48.4% in the 1st quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock valued at $74,000 after buying an additional 406 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on APTV shares. Bank of America increased their price target on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. UBS Group raised their price target on shares of Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Barclays increased their price objective on Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Robert W. Baird set a $82.00 price target on Aptiv and gave the stock an "outperform" rating in a report on Friday, July 11th. Finally, Wolfe Research cut Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $81.50.

Aptiv Stock Performance

Aptiv stock traded up $1.05 during trading hours on Friday, reaching $66.85. 1,032,818 shares of the stock were exchanged, compared to its average volume of 3,033,988. The stock has a market cap of $14.56 billion, a P/E ratio of 15.30, a P/E/G ratio of 0.73 and a beta of 1.48. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $75.41. The firm's 50 day moving average is $68.61 and its 200 day moving average is $63.95. 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 posted its earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same period last year, the firm posted $1.58 EPS. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. Analysts predict that Aptiv PLC will post 7.2 EPS 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.