Tectonic Advisors LLC Has $1.38 Million Position in Aptiv PLC (NYSE:APTV)

Tectonic Advisors LLC lifted its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 35.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,120 shares of the auto parts company's stock after purchasing an additional 6,021 shares during the period. Tectonic Advisors LLC's holdings in Aptiv were worth $1,376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in APTV. Mather Group LLC. increased its holdings 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 purchasing an additional 385 shares during the period. Versant Capital Management Inc increased its position in Aptiv by 201.7% in the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after purchasing an additional 470 shares during the period. UMB Bank n.a. bought a new position in Aptiv during the first quarter worth about $48,000. Blue Trust Inc. boosted its holdings in Aptiv by 48.4% during the first quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock worth $74,000 after buying an additional 406 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Aptiv by 164.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company's stock valued at $81,000 after purchasing an additional 848 shares in the last quarter. Institutional investors own 94.21% of the company's stock.

Analysts Set New Price Targets

APTV has been the subject of several recent research reports. Wall Street Zen upgraded Aptiv to a "hold" rating in a research note on Saturday, June 21st. Robert W. Baird set a $82.00 target price on Aptiv and gave the company an "outperform" rating in a report on Friday, July 11th. Piper Sandler set a $70.00 price target on Aptiv and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Barclays set a $85.00 price target on Aptiv and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Guggenheim cut Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $81.63.

Aptiv Stock Performance

Shares of APTV traded down $2.11 during mid-day trading on Friday, hitting $68.16. 2,481,029 shares of the company's stock were exchanged, compared to its average volume of 3,370,262. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week 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 firm has a market capitalization of $14.84 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.78 and a beta of 1.46. The business's 50 day moving average is $68.51 and its two-hundred day moving average is $63.26.

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