Proactive Wealth Strategies LLC purchased a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 25,201 shares of the auto parts company's stock, valued at approximately $1,815,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its stake in shares of Aptiv by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company's stock worth $905,681,000 after acquiring an additional 1,764,844 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in Aptiv by 13.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company's stock worth $529,212,000 after purchasing an additional 905,431 shares during the period. Capital World Investors acquired a new position in shares of Aptiv in the 1st quarter valued at about $343,760,000. Clearbridge Investments LLC boosted its stake in shares of Aptiv by 3.1% in the first quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company's stock worth $343,728,000 after buying an additional 131,431 shares during the last quarter. Finally, EdgePoint Investment Group Inc. acquired a new stake in Aptiv during the first quarter worth about $335,426,000. Hedge funds and other institutional investors own 94.21% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on APTV. Royal Bank of Canada lowered their price target on shares of Aptiv from $82.00 to $72.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price target on Aptiv from $76.00 to $66.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Oppenheimer lowered their price target on Aptiv from $147.00 to $83.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Bank of America cut their price objective on Aptiv from $105.00 to $102.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Finally, TD Cowen decreased their target price on Aptiv from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Aptiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.00.
View Our Latest Analysis on Aptiv
Aptiv Stock Up 0.8 %
NYSE APTV traded up $0.45 during trading hours on Tuesday, hitting $56.38. 5,085,983 shares of the company were exchanged, compared to its average volume of 3,104,162. The company has a 50 day moving average of $67.69 and a two-hundred day moving average of $71.81. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The firm has a market cap of $13.25 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 0.50 and a beta of 1.81. Aptiv PLC has a 52-week low of $52.81 and a 52-week high of $91.66.
Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analysts' expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm's revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 earnings per share. Equities research analysts anticipate that Aptiv PLC will post 6.18 earnings per share for the current year.
Aptiv Profile
(
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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