Wealthfront Advisers LLC raised its stake in Aptiv PLC (NYSE:APTV - Free Report) by 56.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,259 shares of the auto parts company's stock after acquiring an additional 6,986 shares during the quarter. Wealthfront Advisers LLC's holdings in Aptiv were worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dakota Wealth Management increased its position in Aptiv by 121.3% in the 1st quarter. Dakota Wealth Management now owns 21,797 shares of the auto parts company's stock valued at $1,297,000 after acquiring an additional 11,948 shares in the last quarter. Signaturefd LLC grew its position in shares of Aptiv by 31.5% during the 1st quarter. Signaturefd LLC now owns 2,129 shares of the auto parts company's stock worth $127,000 after buying an additional 510 shares during the period. Slow Capital Inc. grew its position in shares of Aptiv by 3.5% during the 1st quarter. Slow Capital Inc. now owns 34,473 shares of the auto parts company's stock worth $2,051,000 after buying an additional 1,177 shares during the period. CWM LLC grew its position in shares of Aptiv by 139.2% during the 1st quarter. CWM LLC now owns 14,154 shares of the auto parts company's stock worth $842,000 after buying an additional 8,237 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Aptiv during the 1st quarter worth approximately $732,000. Institutional investors and hedge funds own 94.21% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on APTV shares. Morgan Stanley lowered their price target on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a research report on Monday, May 19th. Wall Street Zen raised shares of Aptiv to a "hold" rating in a research note on Saturday, June 21st. UBS Group lifted their price objective on shares of Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Bank of America lifted their price objective on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Finally, Wolfe Research lowered shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Aptiv presently has an average rating of "Moderate Buy" and an average target price of $81.63.
Read Our Latest Stock Report on APTV
Aptiv Stock Down 3.0%
Shares of APTV stock traded down $2.11 during trading on Friday, reaching $68.16. The company's stock had a trading volume of 2,481,029 shares, compared to its average volume of 3,361,602. The business has a fifty day moving average price of $68.51 and a 200-day moving average price of $63.28. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83. The company has a market cap of $14.84 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.76 and a beta of 1.46. Aptiv PLC has a one year low of $47.19 and a one year high of $80.95.
Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.
Aptiv Profile
(
Free Report)
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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