Win Advisors Inc. bought a new position in Aptiv PLC (NYSE:APTV - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 15,617 shares of the auto parts company's stock, valued at approximately $929,000.
Other hedge funds have also made changes to their positions in the company. Picton Mahoney Asset Management purchased a new stake in shares of Aptiv during the 4th quarter worth $37,000. Versant Capital Management Inc lifted its stake in shares of Aptiv by 201.7% during the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after purchasing an additional 470 shares during the last quarter. UMB Bank n.a. purchased a new stake in shares of Aptiv during the 1st quarter worth $48,000. Blue Trust Inc. lifted 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 worth $74,000 after purchasing an additional 406 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Aptiv by 164.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company's stock worth $81,000 after purchasing an additional 848 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages recently weighed in on APTV. Wall Street Zen upgraded Aptiv to a "hold" rating in a research note on Saturday, June 21st. UBS Group upped their target price on Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. TD Cowen assumed coverage on Aptiv in a research report on Friday, March 7th. They set a "buy" rating and a $90.00 target price on the stock. Bank of America upped their target price on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Finally, Barclays upped their target price on Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $81.56.
Read Our Latest Research Report on Aptiv
Aptiv Stock Performance
Aptiv stock traded up $0.85 during midday trading on Friday, hitting $68.79. 2,147,945 shares of the company were exchanged, compared to its average volume of 3,411,629. The firm has a market capitalization of $14.98 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.76 and a beta of 1.47. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $80.95. The business has a fifty day simple moving average of $64.41 and a two-hundred day simple moving average of $62.05. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.61.
Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. Aptiv's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share. On average, sell-side analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.
Aptiv Profile
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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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