Benjamin Edwards Inc. Acquires 15,129 Shares of Aptiv PLC (NYSE:APTV)

Benjamin Edwards Inc. raised its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 5,253.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,417 shares of the auto parts company's stock after purchasing an additional 15,129 shares during the period. Benjamin Edwards Inc.'s holdings in Aptiv were worth $1,110,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in Aptiv by 196.5% in the first quarter. Cetera Investment Advisers now owns 32,763 shares of the auto parts company's stock worth $2,610,000 after purchasing an additional 21,712 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of Aptiv during the 1st quarter valued at $383,000. GAMMA Investing LLC boosted 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 acquiring an additional 598 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Aptiv by 9.5% in the second quarter. Park Avenue Securities LLC now owns 16,707 shares of the auto parts company's stock worth $1,176,000 after purchasing an additional 1,455 shares during the period. Finally, CWM LLC grew its holdings in Aptiv by 29.7% in the second quarter. CWM LLC now owns 10,720 shares of the auto parts company's stock worth $755,000 after purchasing an additional 2,452 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Aptiv Price Performance

Aptiv stock traded down $0.24 during mid-day trading on Friday, hitting $56.67. 3,610,763 shares of the company traded hands, compared to its average volume of 3,787,569. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of 6.32, a price-to-earnings-growth ratio of 0.57 and a beta of 1.78. 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 one year low of $51.47 and a one year high of $91.66. The stock has a fifty day moving average price of $62.11 and a 200-day moving average price of $68.58.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.85 billion for the quarter, compared to analysts' expectations of $5.10 billion. During the same period in the previous year, the firm earned $1.30 earnings per share. The business's revenue was down 5.1% compared to the same quarter last year. On average, equities analysts predict that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada cut 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. Wolfe Research started coverage on shares of Aptiv in a research note on Thursday, September 5th. They issued an "outperform" rating and a $89.00 price objective for the company. Robert W. Baird lowered their target price on Aptiv from $85.00 to $65.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. Wells Fargo & Company upgraded shares of Aptiv from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $78.00 to $87.00 in a research report on Friday, September 20th. Finally, Barclays lowered their price objective on shares of Aptiv from $100.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $85.29.

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.