Tectonic Advisors LLC Raises Position in Aptiv PLC (NYSE:APTV)

Tectonic Advisors LLC raised its position in Aptiv PLC (NYSE:APTV - Free Report) by 35.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,120 shares of the auto parts company's stock after buying an additional 6,021 shares during the quarter. Tectonic Advisors LLC's holdings in Aptiv were worth $1,376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after acquiring an additional 1,517,104 shares in the last quarter. FMR LLC boosted its position in Aptiv by 1.7% in the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock valued at $470,247,000 after buying an additional 126,882 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $371,767,000 after buying an additional 1,408,433 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Aptiv by 25.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock valued at $168,619,000 after acquiring an additional 552,066 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Aptiv by 20.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,541,024 shares of the auto parts company's stock valued at $153,674,000 after acquiring an additional 433,857 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Guggenheim cut Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Wolfe Research downgraded Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Piper Sandler set a $70.00 target price on shares of Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. 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 research report on Tuesday, July 1st. Finally, Robert W. Baird set a $82.00 price target on shares of Aptiv and gave the company an "outperform" rating in a research note on Friday, July 11th. 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 issued a strong buy rating to the stock. According to MarketBeat.com, Aptiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.63.

Aptiv Stock Up 0.3%

Aptiv stock traded up $0.19 during midday trading on Thursday, reaching $70.32. The stock had a trading volume of 894,948 shares, compared to its average volume of 3,370,583. The company has a fifty day moving average price of $68.21 and a two-hundred day moving average price of $63.14. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $80.95. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $15.31 billion, a P/E ratio of 11.64, a PEG ratio of 0.77 and a beta of 1.46.

Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping 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 company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. Aptiv's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

About Aptiv

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.