Virtu Financial LLC Buys New Shares in Aptiv PLC (NYSE:APTV)

Key Points

• Virtu Financial LLC acquired 11,927 shares of Aptiv PLC, valued at around $710,000, signaling investor interest in the auto parts company during the first quarter.
• Aptiv reported a net margin of 5.12% and earnings per share of $2.12 for the last quarter, outperforming analysts' estimates and indicating a year-over-year revenue increase of 3.1%.
• Wall Street analysts have set a consensus target price of $81.81 for Aptiv shares, with an average rating of "Moderate Buy," reflecting positive growth expectations for the company.

Virtu Financial LLC purchased a new position in Aptiv PLC (NYSE:APTV - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,927 shares of the auto parts company's stock, valued at approximately $710,000.

A number of other large investors have also added to or reduced their stakes in APTV. Sterling Capital Management LLC grew its holdings in Aptiv by 34.3% in the 4th quarter. Sterling Capital Management LLC now owns 13,947 shares of the auto parts company's stock worth $844,000 after acquiring an additional 3,565 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Aptiv in the 4th quarter worth $1,906,000. Guggenheim Capital LLC boosted its stake in shares of Aptiv by 6.8% during the 4th quarter. Guggenheim Capital LLC now owns 14,641 shares of the auto parts company's stock valued at $885,000 after purchasing an additional 927 shares in the last quarter. Bridgewater Associates LP boosted its stake in shares of Aptiv by 173.2% during the 4th quarter. Bridgewater Associates LP now owns 40,791 shares of the auto parts company's stock valued at $2,467,000 after purchasing an additional 25,858 shares in the last quarter. Finally, Montag & Caldwell LLC boosted its stake in shares of Aptiv by 94.9% during the 4th quarter. Montag & Caldwell LLC now owns 8,754 shares of the auto parts company's stock valued at $529,000 after purchasing an additional 4,263 shares in the last quarter. Institutional investors own 94.21% of the company's stock.

Aptiv Stock Up 7.1%

Shares of Aptiv stock opened at $71.52 on Wednesday. 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 capitalization of $15.58 billion, a PE ratio of 16.37, 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. The company has a 50-day simple moving average of $68.73 and a two-hundred day simple moving average of $64.07.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $5.02 billion. During the same period in the previous year, the company earned $1.58 earnings per share. The firm's quarterly revenue was up 3.1% on a year-over-year basis. On average, analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Royal Bank Of Canada lifted their target price on shares of Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Wolfe Research lowered shares of 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 company a "neutral" rating in a research note on Thursday, May 22nd. Finally, Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $81.81.

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.

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