Stevens Capital Management LP Takes $462,000 Position in Aptiv PLC (NYSE:APTV)

Key Points

• Stevens Capital Management LP has made a new investment of approximately $462,000 in Aptiv PLC, acquiring 7,771 shares of the auto parts company.
• Aptiv reported an EPS of $1.69 in its latest quarterly earnings, surpassing analysts' expectations and generating a revenue of $4.83 billion.
• Institutional investors and hedge funds hold 94.21% of Aptiv's total shares, indicating strong institutional support for the company.

Stevens Capital Management LP acquired a new stake in Aptiv PLC (NYSE:APTV - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,771 shares of the auto parts company's stock, valued at approximately $462,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its holdings in Aptiv by 3.5% during the first quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company's stock valued at $16,826,000 after purchasing an additional 9,552 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Aptiv by 89.5% during the first quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company's stock valued at $1,333,000 after purchasing an additional 10,585 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Aptiv by 348.2% in the first quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company's stock valued at $164,000 after buying an additional 2,138 shares during the period. Diametric Capital LP acquired a new position in shares of Aptiv in the fourth quarter valued at approximately $972,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Aptiv by 5.5% in the first quarter. Envestnet Asset Management Inc. now owns 303,652 shares of the auto parts company's stock valued at $18,067,000 after buying an additional 15,849 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on APTV shares. Bank of America upped their price target on shares of Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a report on Monday, June 16th. Wells Fargo & Company upped their price target on shares of Aptiv from $85.00 to $86.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Robert W. Baird set a $82.00 price objective on shares of Aptiv and gave the stock an "outperform" rating in a research report on Friday, July 11th. Royal Bank Of Canada boosted their price objective on shares of Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Piper Sandler set a $70.00 price objective on shares of Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and a consensus target price of $81.63.

Aptiv Stock Performance

Aptiv stock traded down $0.40 during midday trading on Wednesday, reaching $67.84. The stock had a trading volume of 1,079,556 shares, compared to its average volume of 2,997,904. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $80.95. The firm's 50-day moving average price is $68.79 and its 200 day moving average price is $63.73. The firm has a market capitalization of $14.77 billion, a PE ratio of 11.24, a P/E/G ratio of 0.77 and a beta of 1.46. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83.

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