XTX Topco Ltd Acquires 15,009 Shares of Aptiv PLC (NYSE:APTV)

Key Points

• XTX Topco Ltd significantly increased its stake in Aptiv PLC by 183.7% in the first quarter, now holding approximately $1.38 million worth of shares.
• Aptiv reported $2.12 earnings per share for its last quarter, exceeding expectations and showing a 3.1% year-over-year revenue growth.
• The stock has a consensus rating of "Moderate Buy" among analysts, with an average price target of $81.63, despite varying ratings from several firms.

XTX Topco Ltd increased its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 183.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,179 shares of the auto parts company's stock after purchasing an additional 15,009 shares during the period. XTX Topco Ltd's holdings in Aptiv were worth $1,379,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of APTV. O Shaughnessy Asset Management LLC raised its position in Aptiv by 27.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,870 shares of the auto parts company's stock valued at $355,000 after buying an additional 1,271 shares during the last quarter. Westpac Banking Corp raised its position in Aptiv by 21.9% in the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock valued at $115,000 after buying an additional 341 shares during the last quarter. ExodusPoint Capital Management LP raised its position in Aptiv by 263.0% in the 4th quarter. ExodusPoint Capital Management LP now owns 38,694 shares of the auto parts company's stock valued at $2,340,000 after buying an additional 28,035 shares during the last quarter. Prudential PLC raised its position in Aptiv by 19.5% in the 4th quarter. Prudential PLC now owns 8,873 shares of the auto parts company's stock valued at $537,000 after buying an additional 1,449 shares during the last quarter. Finally, Integrated Quantitative Investments LLC acquired a new stake in Aptiv in the 4th quarter valued at approximately $290,000. Institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

Shares of NYSE:APTV traded down $2.88 during trading on Friday, reaching $65.76. 2,773,861 shares of the company traded hands, compared to its average volume of 2,274,872. The company has a quick ratio of 1.11, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $75.41. The firm has a market capitalization of $14.32 billion, a PE ratio of 15.05, a PEG ratio of 0.73 and a beta of 1.48. The company's 50 day moving average is $68.81 and its two-hundred day moving average is $63.86.

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, 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 for the quarter, compared to analyst estimates of $5.02 billion. During the same period last year, the firm earned $1.58 EPS. The business's quarterly revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a research report on Friday. Wolfe Research lowered Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. Morgan Stanley lowered their price target on Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. Piper Sandler set a $70.00 price target on Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Finally, UBS Group boosted their price target on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. 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 given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $80.38.

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.