Vanguard Group Inc. Has $1.59 Billion Position in Aptiv PLC (NYSE:APTV)

Key Points

• Vanguard Group Inc. decreased its stake in Aptiv PLC by 3.3%, now holding 26.74 million shares valued at $1.59 billion as of the end of the most recent quarter.
• Other large investors, such as Goldman Sachs and Middleton & Co., have significantly increased their holdings in Aptiv during the same period.
• Aptiv recently reported a better-than-expected EPS of $2.12 for the last quarter, exceeding analyst predictions and showing a revenue growth of 3.1% year-over-year.

Vanguard Group Inc. trimmed its position in Aptiv PLC (NYSE:APTV - Free Report) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,741,438 shares of the auto parts company's stock after selling 899,526 shares during the period. Vanguard Group Inc. owned approximately 12.28% of Aptiv worth $1,591,116,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. raised its stake in 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 last quarter. Eastern Bank acquired a new position in Aptiv in the 1st quarter valued at about $39,000. Versant Capital Management Inc raised its stake in Aptiv by 201.7% in the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 470 shares during the last quarter. UMB Bank n.a. acquired a new position in shares of Aptiv during the 1st quarter valued at about $48,000. Finally, Blue Trust Inc. increased its stake in shares of Aptiv by 48.4% during the 1st quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock valued at $74,000 after acquiring an additional 406 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on APTV shares. Wall Street Zen raised shares of Aptiv to a "hold" rating in a research note on Saturday, June 21st. JPMorgan Chase & Co. upped their price objective on shares of Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Barclays upped their price objective on shares of Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Morgan Stanley increased their target price on shares of Aptiv from $55.00 to $60.00 and gave the stock an "underweight" rating in a research report on Tuesday. Finally, Wolfe Research downgraded shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $81.81.

Aptiv Stock Performance

NYSE APTV traded up $2.97 during trading on Wednesday, hitting $74.67. The company's stock had a trading volume of 2,877,413 shares, compared to its average volume of 3,034,904. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average price of $68.73 and a 200 day moving average price of $64.07. The firm has a market cap of $16.26 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 0.75 and a beta of 1.48. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $75.41.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%. The company's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 EPS. Equities research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

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.