Mizuho Securities USA LLC Raises Stock Position in Aptiv PLC (NYSE:APTV)

Mizuho Securities USA LLC raised its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 3,679.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 792,581 shares of the auto parts company's stock after purchasing an additional 771,608 shares during the quarter. Mizuho Securities USA LLC owned 0.30% of Aptiv worth $57,074,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of APTV. Massachusetts Financial Services Co. MA raised its stake in shares of 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 during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Aptiv by 13.7% in the second 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 acquiring an additional 905,431 shares during the period. Capital World Investors purchased a new stake in Aptiv in the 1st quarter worth approximately $343,760,000. Clearbridge Investments LLC grew its stake in shares of Aptiv by 3.1% during the 1st quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company's stock worth $343,728,000 after purchasing an additional 131,431 shares during the period. Finally, EdgePoint Investment Group Inc. purchased a new position in shares of Aptiv during the 1st quarter valued at approximately $335,426,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Trading Down 2.0 %

Shares of APTV stock traded down $1.10 during trading on Friday, hitting $52.93. 7,780,257 shares of the stock traded hands, compared to its average volume of 3,127,662. Aptiv PLC has a 52-week low of $52.14 and a 52-week high of $91.66. The firm has a market capitalization of $12.44 billion, a P/E ratio of 5.91, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81. The firm's fifty day moving average price is $66.50 and its 200-day moving average price is $71.34. 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 (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. The business had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company's revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.30 EPS. As a group, research analysts forecast that Aptiv PLC will post 6.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

APTV has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Aptiv from $68.00 to $60.00 and set an "underweight" rating on the stock in a research report on Thursday. Wolfe Research assumed coverage on Aptiv in a research note on Thursday, September 5th. They issued an "outperform" rating and a $89.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price target on Aptiv from $76.00 to $66.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on Aptiv from $107.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada dropped their price target on shares of Aptiv from $82.00 to $72.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $86.53.

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.