Rathbones Group PLC Buys 132,579 Shares of Aptiv PLC (NYSE:APTV)

Rathbones Group PLC raised its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 11.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,297,740 shares of the auto parts company's stock after buying an additional 132,579 shares during the period. Rathbones Group PLC owned about 0.48% of Aptiv worth $91,387,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Rock Point Advisors LLC increased its stake in shares of Aptiv by 21.9% in the second quarter. Rock Point Advisors LLC now owns 132,390 shares of the auto parts company's stock worth $9,323,000 after buying an additional 23,804 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of Aptiv by 13.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 42,128 shares of the auto parts company's stock valued at $2,967,000 after acquiring an additional 4,970 shares during the period. Federated Hermes Inc. raised its stake in shares of Aptiv by 12.5% during the second quarter. Federated Hermes Inc. now owns 64,733 shares of the auto parts company's stock valued at $4,558,000 after acquiring an additional 7,188 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Aptiv by 653.0% during the second quarter. Meeder Asset Management Inc. now owns 1,363 shares of the auto parts company's stock worth $96,000 after purchasing an additional 1,182 shares during the period. Finally, Jupiter Asset Management Ltd. grew its stake in shares of Aptiv by 4.7% in the second quarter. Jupiter Asset Management Ltd. now owns 223,512 shares of the auto parts company's stock worth $15,740,000 after purchasing an additional 9,943 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Up 2.9 %

NYSE:APTV traded up $1.95 on Friday, reaching $68.95. 3,634,218 shares of the stock traded hands, compared to its average volume of 2,966,147. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $18.32 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 0.60 and a beta of 1.79. Aptiv PLC has a 12 month low of $63.62 and a 12 month high of $104.72. The company's fifty day simple moving average is $69.62 and its 200 day simple moving average is $74.33.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.16. The company had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 EPS. Equities analysts predict that Aptiv PLC will post 6.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on APTV shares. Oppenheimer reissued an "outperform" rating and set a $145.00 target price on shares of Aptiv in a research note on Tuesday, July 9th. Evercore ISI decreased their price objective on shares of Aptiv from $125.00 to $115.00 and set an "outperform" rating for the company in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $74.00 target price on shares of Aptiv in a research note on Tuesday, September 10th. Wolfe Research started coverage on shares of Aptiv in a research report on Thursday, September 5th. They set an "outperform" rating and a $89.00 price target on the stock. Finally, Robert W. Baird lowered their price objective on shares of Aptiv from $90.00 to $83.00 and set a "neutral" rating for the company in a report on Friday, July 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $94.88.

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.