Aptiv PLC (NYSE:APTV) Shares Bought by Westwood Holdings Group Inc.

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. boosted its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 15.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 265,983 shares of the auto parts company's stock after purchasing an additional 35,616 shares during the period. Westwood Holdings Group Inc. owned about 0.12% of Aptiv worth $15,826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of APTV. FMR LLC lifted its position in shares of Aptiv by 1.7% during the 4th quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock valued at $470,247,000 after buying an additional 126,882 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Aptiv by 20.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,541,024 shares of the auto parts company's stock valued at $153,674,000 after buying an additional 433,857 shares during the last quarter. Northern Trust Corp lifted its position in shares of Aptiv by 6.1% during the 4th quarter. Northern Trust Corp now owns 2,427,968 shares of the auto parts company's stock valued at $146,844,000 after buying an additional 139,843 shares during the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of Aptiv during the 1st quarter valued at $117,260,000. Finally, Pacer Advisors Inc. lifted its position in shares of Aptiv by 5,379.7% during the 1st quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company's stock valued at $113,489,000 after buying an additional 1,872,571 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analyst Upgrades and Downgrades

APTV has been the subject of several analyst reports. 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. Morgan Stanley cut their target price on Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. Barclays upped their target price on shares of Aptiv from $65.00 to $85.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Bank of America upped their target price on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Finally, Wells Fargo & Company upped their target price on shares of Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. One investment 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.50.

Aptiv Stock Up 1.6%

Aptiv stock traded up $1.05 during mid-day trading on Friday, reaching $66.85. 1,948,263 shares of the company were exchanged, compared to its average volume of 2,645,704. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $75.41. The business has a fifty day moving average of $68.61 and a 200 day moving average of $63.98. 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 firm has a market cap of $14.56 billion, a P/E ratio of 15.30, a PEG ratio of 0.74 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $5.02 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. Research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

About Aptiv

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.