XTX Topco Ltd Increases Stock Position in 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 boosted its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 183.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,179 shares of the auto parts company's stock after acquiring 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 reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APTV. Principal Financial Group Inc. lifted its stake in shares of Aptiv by 3.5% in the first quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company's stock worth $16,826,000 after buying an additional 9,552 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Aptiv by 89.5% during the first quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company's stock valued at $1,333,000 after buying an additional 10,585 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Aptiv by 348.2% during the first quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company's stock valued at $164,000 after buying an additional 2,138 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Aptiv by 5.5% during the first quarter. Envestnet Asset Management Inc. now owns 303,652 shares of the auto parts company's stock valued at $18,067,000 after buying an additional 15,849 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Aptiv by 144.4% during the first quarter. Cerity Partners LLC now owns 31,841 shares of the auto parts company's stock valued at $1,895,000 after buying an additional 18,813 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Piper Sandler set a $70.00 target price on shares of Aptiv and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Wells Fargo & Company raised 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. UBS Group lifted their price target 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. Wall Street Zen upgraded shares of Aptiv to a "hold" rating in a research note on Saturday, June 21st. Finally, Robert W. Baird set a $82.00 price target on shares of Aptiv and gave the stock an "outperform" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $81.50.

Aptiv Trading Up 0.1%

NYSE:APTV traded up $0.09 during mid-day trading on Tuesday, hitting $64.95. 5,772,878 shares of the stock traded hands, compared to its average volume of 3,044,161. The stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 0.73 and a beta of 1.48. The company has a quick ratio of 1.24, 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's 50 day moving average is $68.78 and its two-hundred day moving average is $63.90.

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