True North Advisors LLC Invests $267,000 in Aptiv PLC (NYSE:APTV)

Key Points

• True North Advisors LLC has invested approximately $267,000 in Aptiv PLC, acquiring 4,493 shares, marking a significant institutional interest in the auto parts company.
• Aptiv's recent quarterly earnings exceeded expectations with a reported $2.12 earnings per share, surpassing the consensus estimate of $1.83 by $0.29, and showing a year-over-year revenue increase of 3.1%.
• Analysts have mixed ratings on Aptiv, with target prices ranging from $66.00 to $85.00, leading to an average rating of "Moderate Buy" and a consensus price target of $81.50.

True North Advisors LLC purchased a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,493 shares of the auto parts company's stock, valued at approximately $267,000.

Several other large investors have also recently bought and sold shares of APTV. Goldman Sachs Group Inc. increased its position in shares of Aptiv by 242.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company's stock worth $509,366,000 after acquiring an additional 6,062,438 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Aptiv by 20.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,541,024 shares of the auto parts company's stock worth $153,674,000 after acquiring an additional 433,857 shares in the last quarter. Northern Trust Corp increased its position in shares of Aptiv by 6.1% during the fourth quarter. Northern Trust Corp now owns 2,427,968 shares of the auto parts company's stock worth $146,844,000 after acquiring an additional 139,843 shares in the last quarter. AustralianSuper Pty Ltd bought a new stake in shares of Aptiv during the first quarter worth $117,260,000. Finally, Pacer Advisors Inc. increased its position in shares of Aptiv by 5,379.7% during the first quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company's stock worth $113,489,000 after acquiring an additional 1,872,571 shares in the last quarter. Institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

Shares of Aptiv stock traded up $4.74 during midday trading on Tuesday, hitting $71.52. 4,128,071 shares of the company traded hands, compared to its average volume of 2,634,518. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $75.41. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. The stock has a market cap of $15.58 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 0.75 and a beta of 1.48. The firm's fifty day moving average price is $68.73 and its 200-day moving average price is $64.07.

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, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $5.02 billion. During the same period in the previous year, the firm posted $1.58 EPS. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Analysts Set New Price Targets

APTV has been the subject of a number of analyst reports. Royal Bank Of Canada raised their target price on shares of Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. Piper Sandler set a $70.00 target price on shares of Aptiv and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Bank of America raised their target price on shares of Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $88.00 target price (up previously from $84.00) on shares of Aptiv in a research report on Monday, August 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. According to MarketBeat, Aptiv presently has a consensus rating of "Moderate Buy" and an average target price of $81.81.

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.