Zurcher Kantonalbank Zurich Cantonalbank Has $9.64 Million Holdings in Aptiv PLC (NYSE:APTV)

Key Points

• Zurcher Kantonalbank increased its holdings in Aptiv PLC by 90.5% during the first quarter, acquiring an additional 76,961 shares, bringing its total to 162,032 shares valued at approximately $9.64 million.
• Aptiv's stock recently opened at $66.55 and has a market cap of $14.49 billion, with a 12-month price range between $47.19 and $80.95.
• The company reported $1.69 earnings per share for the last quarter, surpassing the consensus estimate and despite a 1.6% year-over-year revenue decline to $4.83 billion.

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Aptiv PLC (NYSE:APTV - Free Report) by 90.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 162,032 shares of the auto parts company's stock after acquiring an additional 76,961 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of Aptiv worth $9,641,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Mather Group LLC. grew its position in shares of Aptiv by 155.2% during the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after buying an additional 385 shares during the last quarter. Versant Capital Management Inc boosted its stake in Aptiv by 201.7% during the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 470 shares during the period. UMB Bank n.a. acquired a new position in Aptiv during the 1st quarter valued at about $48,000. Blue Trust Inc. boosted its stake in Aptiv by 48.4% during the 1st quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock valued at $74,000 after purchasing an additional 406 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in 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 valued at $81,000 after purchasing an additional 848 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Trading Down 1.2%

Aptiv stock traded down $0.79 during midday trading on Monday, hitting $64.86. 1,058,839 shares of the stock were exchanged, compared to its average volume of 3,014,755. The company has a fifty day simple moving average of $68.81 and a two-hundred day simple moving average of $63.88. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $75.41. The stock has a market capitalization of $14.12 billion, a PE ratio of 14.84, a P/E/G 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 (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 for the quarter, topping 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 business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter last year, the firm earned $1.58 EPS. Aptiv's quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

APTV has been the subject of a number of research analyst reports. Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. UBS Group upped 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. Bank of America upped their price target on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Robert W. Baird set a $82.00 price target on shares of Aptiv and gave the company an "outperform" rating in a research report on Friday, July 11th. Finally, Wolfe Research downgraded shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. One equities 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Aptiv presently has an average rating of "Moderate Buy" and a consensus price target of $80.56.

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.