Holocene Advisors LP Invests $56.16 Million in Aptiv PLC (NYSE:APTV)

Holocene Advisors LP bought a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 779,879 shares of the auto parts company's stock, valued at approximately $56,159,000. Holocene Advisors LP owned 0.33% of Aptiv at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of APTV. Independence Bank of Kentucky purchased a new position in Aptiv in the 2nd quarter worth approximately $25,000. Crewe Advisors LLC raised 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 worth $31,000 after purchasing an additional 215 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings 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 in the last quarter. Wolff Wiese Magana LLC increased its stake in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock worth $36,000 after acquiring an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Aptiv in the 2nd quarter worth about $38,000. Institutional investors own 94.21% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on APTV shares. Robert W. Baird cut their price objective on shares of Aptiv from $85.00 to $65.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Nomura Securities raised shares of Aptiv from a "strong sell" rating to a "hold" rating in a report on Monday, August 19th. Oppenheimer decreased their target price on shares of Aptiv from $147.00 to $83.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Aptiv from $76.00 to $66.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen reduced their price objective on shares of Aptiv from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.29.

Aptiv Trading Down 0.5 %

Shares of NYSE APTV traded down $0.30 during mid-day trading on Tuesday, reaching $55.77. 2,949,656 shares of the company's stock were exchanged, compared to its average volume of 3,149,566. The firm has a market capitalization of $13.11 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 0.56 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 52-week low of $51.47 and a 52-week high of $91.66. The company's 50-day moving average is $63.38 and its 200-day moving average is $69.20.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly 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 return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $5.10 billion. During the same period in the prior year, the business posted $1.30 EPS. The company's revenue was down 5.1% compared to the same quarter last year. Analysts expect that Aptiv PLC will post 6.15 EPS for the current fiscal 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.