Atom Investors LP Invests $2.67 Million in Aptiv PLC (NYSE:APTV)

Atom Investors LP acquired a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 37,130 shares of the auto parts company's stock, valued at approximately $2,674,000.

A number of other institutional investors also recently made changes to their positions in APTV. B. Riley Wealth Advisors Inc. raised its stake in shares of Aptiv by 18.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,788 shares of the auto parts company's stock valued at $222,000 after purchasing an additional 440 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Aptiv by 196.5% in the 1st quarter. Cetera Investment Advisers now owns 32,763 shares of the auto parts company's stock worth $2,610,000 after acquiring an additional 21,712 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of Aptiv in the 1st quarter worth approximately $383,000. Transcend Capital Advisors LLC acquired a new stake in shares of Aptiv during the 2nd quarter valued at approximately $220,000. Finally, GAMMA Investing LLC lifted its stake in Aptiv by 146.9% during the second quarter. GAMMA Investing LLC now owns 1,005 shares of the auto parts company's stock worth $71,000 after purchasing an additional 598 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Price Performance

Aptiv stock traded down $0.47 during midday trading on Tuesday, hitting $55.60. The company's stock had a trading volume of 1,888,830 shares, compared to its average volume of 3,145,364. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $91.66. 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 stock's 50-day moving average price is $63.38 and its 200-day moving average price is $69.20. The company has a market capitalization of $13.07 billion, a PE ratio of 6.26, a price-to-earnings-growth ratio of 0.56 and a beta of 1.78.

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, topping analysts' consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $5.10 billion. During the same period last year, the firm posted $1.30 earnings per share. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts anticipate that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

APTV has been the topic of a number of research reports. Guggenheim dropped their target price on shares of Aptiv from $87.00 to $73.00 and set a "buy" rating on the stock in a report on Thursday, November 21st. Nomura Securities upgraded Aptiv from a "strong sell" rating to a "hold" rating in a research note on Monday, August 19th. Wells Fargo & Company raised shares of Aptiv from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $78.00 to $87.00 in a report on Friday, September 20th. Royal Bank of Canada dropped their price objective 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. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Aptiv from $76.00 to $66.00 and set a "hold" rating for the company in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $85.29.

Aptiv Company 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.