Aptiv PLC (NYSE:APTV) Shares Acquired by Firetrail Investments PTY Ltd.

Firetrail Investments PTY Ltd. lifted its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 30.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 148,850 shares of the auto parts company's stock after purchasing an additional 34,381 shares during the period. Aptiv comprises approximately 3.1% of Firetrail Investments PTY Ltd.'s holdings, making the stock its 18th biggest position. Firetrail Investments PTY Ltd. owned approximately 0.06% of Aptiv worth $10,708,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on APTV. JPMorgan Chase & Co. raised their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Royal Bank of Canada cut their target price 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. Robert W. Baird cut their target price on shares of Aptiv from $85.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Wells Fargo & Company raised shares of Aptiv from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $78.00 to $87.00 in a report on Friday, September 20th. Finally, Wolfe Research began coverage on shares of Aptiv in a report on Thursday, September 5th. They issued an "outperform" rating and a $89.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.53.

Aptiv Stock Down 3.7 %

NYSE APTV traded down $2.10 during mid-day trading on Thursday, reaching $54.04. 4,146,973 shares of the company's stock traded hands, compared to its average volume of 3,106,604. Aptiv PLC has a 1-year low of $52.81 and a 1-year high of $91.66. The company has a fifty day simple moving average of $67.15 and a 200-day simple moving average of $71.60. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The company has a market cap of $12.70 billion, a price-to-earnings ratio of 6.06, a P/E/G ratio of 0.50 and a beta of 1.81.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the business posted $1.30 EPS. The business's revenue was down 5.1% on a year-over-year basis. As a group, equities research analysts expect that Aptiv PLC will post 6.18 EPS for the current year.

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.