Sumitomo Mitsui Trust Group Inc. Raises Stake in Aptiv PLC (NYSE:APTV)

Sumitomo Mitsui Trust Group Inc. increased its position in Aptiv PLC (NYSE:APTV - Free Report) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 722,962 shares of the auto parts company's stock after buying an additional 31,531 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.27% of Aptiv worth $52,060,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Capital World Investors purchased a new position in shares of Aptiv during the first quarter valued at approximately $343,760,000. EdgePoint Investment Group Inc. bought a new position in Aptiv in the 1st quarter worth $335,426,000. Massachusetts Financial Services Co. MA lifted its position in shares of Aptiv by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company's stock worth $905,681,000 after purchasing an additional 1,764,844 shares during the period. Ariel Investments LLC purchased a new stake in shares of Aptiv in the 1st quarter worth about $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of 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 valued at $529,212,000 after purchasing an additional 905,431 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Wall Street Analyst Weigh In

APTV has been the subject of several research analyst reports. Wells Fargo & Company upgraded shares of Aptiv from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $78.00 to $87.00 in a report on Friday, September 20th. Nomura Securities upgraded Aptiv from a "strong sell" rating to a "hold" rating in a research report on Monday, August 19th. Barclays decreased their price objective on Aptiv from $100.00 to $80.00 and set an "overweight" rating for the company in a report on Monday, November 4th. Royal Bank of Canada dropped their target price 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, Robert W. Baird decreased their price target on shares of Aptiv from $85.00 to $65.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $86.53.

Aptiv Stock Performance

APTV traded down $1.10 during midday trading on Friday, hitting $52.93. 7,780,257 shares of the company traded hands, compared to its average volume of 3,127,662. The company's 50-day moving average is $66.50 and its 200 day moving average is $71.34. Aptiv PLC has a 52 week low of $52.14 and a 52 week high of $91.66. The firm has a market capitalization of $12.44 billion, a PE ratio of 5.91, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 EPS. On average, research analysts expect that Aptiv PLC will post 6.18 EPS for the current year.

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.