Gilman Hill Asset Management LLC Grows Position in Aptiv PLC (NYSE:APTV)

Gilman Hill Asset Management LLC boosted its stake in Aptiv PLC (NYSE:APTV - Free Report) by 169.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,875 shares of the auto parts company's stock after acquiring an additional 28,828 shares during the period. Gilman Hill Asset Management LLC's holdings in Aptiv were worth $2,775,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company's stock worth $386,103,000 after purchasing an additional 5,002,090 shares during the last quarter. Harris Associates L P acquired a new position in Aptiv in the 3rd quarter valued at about $162,640,000. Point72 Asset Management L.P. acquired a new stake in Aptiv during the 3rd quarter worth approximately $143,909,000. FMR LLC increased its holdings in shares of Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock valued at $550,759,000 after purchasing an additional 1,294,670 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company's stock worth $336,861,000 after purchasing an additional 1,090,766 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on APTV shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Aptiv from $76.00 to $66.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Barclays reduced their price target on Aptiv from $100.00 to $80.00 and set an "overweight" rating for the company in a report on Monday, November 4th. Robert W. Baird reduced their target price on Aptiv from $85.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Royal Bank of Canada cut their price target on shares of Aptiv from $82.00 to $72.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Aptiv from $107.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $84.29.

Aptiv Trading Down 0.2 %

Aptiv stock traded down $0.14 during trading on Monday, hitting $61.19. The company's stock had a trading volume of 2,919,628 shares, compared to its average volume of 3,367,057. The stock's fifty day moving average is $57.85 and its 200 day moving average is $64.98. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $88.89. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 6.83, a P/E/G ratio of 0.53 and a beta of 1.75.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating 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 company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the company posted $1.30 EPS. The company's quarterly revenue was down 5.1% compared to the same quarter last year. As a group, equities research analysts predict that Aptiv PLC will post 6.15 EPS 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.