Zurcher Kantonalbank Zurich Cantonalbank Has $8.02 Million Stock Position in Aptiv PLC (NYSE:APTV)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Aptiv PLC (NYSE:APTV - Free Report) by 73.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,401 shares of the auto parts company's stock after purchasing an additional 47,215 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Aptiv were worth $8,022,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Independence Bank of Kentucky bought a new stake in Aptiv during the second quarter worth approximately $25,000. Crewe Advisors LLC boosted its holdings in Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company's stock valued at $31,000 after purchasing an additional 215 shares during the period. Brown Brothers Harriman & Co. grew its position in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock worth $32,000 after purchasing an additional 409 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock worth $36,000 after purchasing an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Aptiv during the second quarter valued at about $38,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on APTV shares. Fox Advisors lowered Aptiv from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, October 1st. Morgan Stanley lowered their price objective on Aptiv from $68.00 to $60.00 and set an "underweight" rating on the stock in a research report on Thursday, November 14th. Wells Fargo & Company raised Aptiv from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $78.00 to $87.00 in a research report on Friday, September 20th. Guggenheim lowered their price target 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. Finally, Nomura Securities raised shares of Aptiv from a "strong sell" rating to a "hold" rating in a report on Monday, August 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $85.29.

Aptiv Price Performance

Shares of NYSE:APTV traded up $0.54 during midday trading on Monday, reaching $56.07. The company's stock had a trading volume of 3,074,567 shares, compared to its average volume of 3,151,148. The business's fifty day simple moving average is $63.38 and its 200-day simple moving average is $69.20. The company has a market capitalization of $13.18 billion, a P/E ratio of 6.26, a P/E/G ratio of 0.56 and a beta of 1.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $91.66.

Aptiv (NYSE:APTV - Get Free Report) last announced 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 company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the firm posted $1.30 earnings per share. The company's revenue was down 5.1% on a year-over-year basis. As a group, equities research analysts expect that Aptiv PLC will post 6.15 EPS for the current fiscal 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.