National Bank of Canada FI Boosts Position in Aptiv PLC (NYSE:APTV)

National Bank of Canada FI raised its position in Aptiv PLC (NYSE:APTV - Free Report) by 22.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 211,630 shares of the auto parts company's stock after buying an additional 39,315 shares during the period. National Bank of Canada FI owned 0.09% of Aptiv worth $15,239,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in Aptiv by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company's stock worth $905,681,000 after acquiring an additional 1,764,844 shares during the last quarter. FMR LLC raised its position in shares of Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock valued at $550,759,000 after purchasing an additional 1,294,670 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted 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 valued at $529,212,000 after buying an additional 905,431 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Aptiv by 1,390.6% in the 3rd 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 worth $386,103,000 after buying an additional 5,002,090 shares during the period. Finally, Mirova US LLC grew its stake in Aptiv by 1.8% in the 2nd quarter. Mirova US LLC now owns 2,667,362 shares of the auto parts company's stock valued at $187,836,000 after buying an additional 48,393 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays decreased their price target on Aptiv from $100.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. Wells Fargo & Company upgraded shares of Aptiv from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $78.00 to $87.00 in a research note on Friday, September 20th. StockNews.com initiated coverage on shares of Aptiv in a research report on Thursday, December 5th. They set a "hold" rating for the company. Wolfe Research initiated coverage on Aptiv in a research report on Thursday, September 5th. They issued an "outperform" rating and a $89.00 price objective on the stock. Finally, Bank of America decreased their target price on Aptiv from $105.00 to $102.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and an average price target of $85.29.

Aptiv Trading Up 0.8 %

APTV traded up $0.49 on Wednesday, hitting $58.91. 4,001,902 shares of the company were exchanged, compared to its average volume of 3,168,955. 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 12 month low of $51.47 and a 12 month high of $91.66. The firm has a fifty day simple moving average of $61.57 and a two-hundred day simple moving average of $68.15. The stock has a market capitalization of $13.85 billion, a PE ratio of 6.56, a price-to-earnings-growth ratio of 0.57 and a beta of 1.78.

Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. The company 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 revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.30 earnings per share. Sell-side analysts expect that Aptiv PLC will post 6.15 earnings per share for the current 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.