Unified Investment Management Takes $691,000 Position in Aptiv PLC (NYSE:APTV)

Unified Investment Management acquired a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,610 shares of the auto parts company's stock, valued at approximately $691,000.

A number of other institutional investors also recently bought and sold shares of APTV. Norges Bank acquired a new stake in Aptiv during the 4th quarter valued at $106,492,000. Pictet Asset Management Holding SA raised its stake in Aptiv by 1,018.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock valued at $102,262,000 after purchasing an additional 1,539,724 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Aptiv by 11.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after purchasing an additional 1,517,104 shares during the last quarter. Franklin Resources Inc. lifted 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 valued at $371,767,000 after buying an additional 1,408,433 shares during the period. Finally, Paloma Partners Management Co raised its holdings in Aptiv by 968.7% in the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock valued at $55,007,000 after acquiring an additional 824,400 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Stock Up 0.7%

Shares of APTV stock traded up $0.51 during trading hours on Wednesday, hitting $72.18. 2,512,254 shares of the company were exchanged, compared to its average volume of 3,392,063. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 0.80 and a beta of 1.46. Aptiv PLC has a one year low of $47.19 and a one year high of $80.95. The business's 50-day simple moving average is $65.13 and its two-hundred day simple moving average is $62.24. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.61.

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

Analysts Set New Price Targets

APTV has been the topic of several recent analyst reports. Royal Bank Of Canada increased their target price on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Robert W. Baird decreased their target price on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company upped their price target on shares of Aptiv from $85.00 to $86.00 and gave the stock an "overweight" rating in a research report on Tuesday. Wolfe Research lowered shares of Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday. Finally, Barclays upped their price objective on Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Aptiv has a consensus rating of "Moderate Buy" and an average target price of $81.61.

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.