Robeco Institutional Asset Management B.V. Buys 170,921 Shares of Aptiv PLC (NYSE:APTV)

Robeco Institutional Asset Management B.V. grew its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 115.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 318,895 shares of the auto parts company's stock after buying an additional 170,921 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.14% of Aptiv worth $18,974,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. lifted its position in shares of Aptiv by 74.9% during the 1st quarter. Bessemer Group Inc. now owns 3,504 shares of the auto parts company's stock worth $208,000 after buying an additional 1,500 shares in the last quarter. Wealthquest Corp purchased a new stake in shares of Aptiv during the 1st quarter worth approximately $158,000. Lecap Asset Management Ltd. purchased a new stake in shares of Aptiv during the 1st quarter worth approximately $1,975,000. Win Advisors Inc. purchased a new stake in shares of Aptiv during the 1st quarter worth approximately $929,000. Finally, Figure 8 Investment Strategies LLC purchased a new stake in shares of Aptiv during the 1st quarter worth approximately $1,311,000. Institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

Shares of APTV traded up $0.85 during mid-day trading on Friday, reaching $68.79. 2,147,945 shares of the stock traded hands, compared to its average volume of 3,404,613. The firm has a fifty day moving average price of $64.41 and a 200 day moving average price of $62.08. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 0.77 and a beta of 1.47. 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 PLC has a 1 year low of $47.19 and a 1 year high of $80.95.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The business's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 EPS. As a group, equities research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Ratings Changes

APTV has been the subject of several research analyst reports. Wells Fargo & Company raised their price target 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. Piper Sandler set a $70.00 price target on shares of Aptiv and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada raised their price target on shares of Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. UBS Group raised their price target on shares of Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley reduced their price objective 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, eight have given a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and an average price target of $81.56.

Aptiv Company 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.