Westwood Holdings Group Inc. Grows Position in Aptiv PLC (NYSE:APTV)

Key Points

• Westwood Holdings Group Inc. increased its stake in Aptiv PLC by 15.5%, owning approximately 265,983 shares valued at $15.8 million as of its latest SEC filing.
• Aptiv reported earnings of $2.12 per share for the last quarter, surpassing estimates by $0.29, with revenues also exceeding projections at $5.21 billion.
• Analysts have mixed ratings on Aptiv, with a consensus target price of $81.50 and ratings ranging from sell to strong buy.

Westwood Holdings Group Inc. raised its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 15.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 265,983 shares of the auto parts company's stock after purchasing an additional 35,616 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.12% of Aptiv worth $15,826,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Middleton & Co. Inc. MA grew its position in shares of Aptiv by 63.1% during the 1st quarter. Middleton & Co. Inc. MA now owns 33,668 shares of the auto parts company's stock worth $2,003,000 after buying an additional 13,026 shares during the period. Raiffeisen Bank International AG grew its position in shares of Aptiv by 22.5% during the 1st quarter. Raiffeisen Bank International AG now owns 110,245 shares of the auto parts company's stock worth $6,680,000 after buying an additional 20,245 shares during the period. J. Safra Sarasin Holding AG grew its position in Aptiv by 150.7% in the 1st quarter. J. Safra Sarasin Holding AG now owns 24,257 shares of the auto parts company's stock valued at $1,443,000 after purchasing an additional 14,583 shares during the period. PNC Financial Services Group Inc. grew its position in Aptiv by 28.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 28,266 shares of the auto parts company's stock valued at $1,682,000 after purchasing an additional 6,201 shares during the period. Finally, Jupiter Asset Management Ltd. grew its position in Aptiv by 10.1% in the 1st quarter. Jupiter Asset Management Ltd. now owns 246,079 shares of the auto parts company's stock valued at $14,642,000 after purchasing an additional 22,567 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Price Performance

Aptiv stock traded down $0.05 during mid-day trading on Monday, hitting $66.86. 737,937 shares of the company traded hands, compared to its average volume of 3,025,650. The stock has a market cap of $14.56 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 0.75 and a beta of 1.48. The stock has a fifty day moving average price of $68.61 and a 200-day moving average price of $63.99. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. Aptiv PLC has a one year low of $47.19 and a one year high of $75.41.

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

Analysts Set New Price Targets

A number of research firms have recently commented on APTV. UBS Group lifted their target price on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Piper Sandler set a $70.00 target price on Aptiv and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Bank of America lifted their target price on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Wolfe Research cut Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen upgraded Aptiv to a "hold" rating in a research report on Saturday, June 21st. One 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. According to MarketBeat.com, Aptiv presently has a consensus rating of "Moderate Buy" and an average price target of $81.50.

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.