Douglas Lane & Associates LLC grew its stake in Aptiv PLC (NYSE:APTV - Free Report) by 16.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,011,935 shares of the auto parts company's stock after acquiring an additional 141,587 shares during the quarter. Douglas Lane & Associates LLC owned about 0.43% of Aptiv worth $61,202,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its stake in Aptiv by 15.9% in the second 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 purchasing an additional 1,764,844 shares during the last quarter. FMR LLC grew its position in shares of Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock worth $550,759,000 after buying an additional 1,294,670 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised 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 worth $529,212,000 after acquiring an additional 905,431 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Aptiv by 1,390.6% during the third 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 valued at $386,103,000 after acquiring an additional 5,002,090 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company's stock valued at $336,861,000 after acquiring an additional 1,090,766 shares in the last quarter. 94.21% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on APTV. Robert W. Baird reduced their price target on Aptiv from $85.00 to $65.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Guggenheim reissued a "buy" rating and issued a $73.00 price target on shares of Aptiv in a report on Thursday, December 5th. StockNews.com started coverage on shares of Aptiv in a report on Monday. They set a "hold" rating on the stock. Oppenheimer lowered their target price on shares of Aptiv from $147.00 to $83.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Aptiv from $76.00 to $66.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.29.
View Our Latest Stock Analysis on Aptiv
Aptiv Stock Performance
Aptiv stock traded down $1.01 during mid-day trading on Wednesday, hitting $60.81. The company had a trading volume of 3,171,443 shares, compared to its average volume of 2,910,229. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of 6.79, a P/E/G ratio of 0.59 and a beta of 1.75. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $88.89. The company's fifty day moving average is $57.30 and its 200-day moving average is $65.53. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.
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 analysts' consensus estimates of $1.68 by $0.15. The firm had revenue of $4.85 billion for 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 quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.30 earnings per share. Equities research analysts predict that Aptiv PLC will post 6.15 EPS for the current year.
About Aptiv
(
Free Report)
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.
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