DoubleLine ETF Adviser LP bought a new position in Aptiv PLC (NYSE:APTV - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,430 shares of the auto parts company's stock, valued at approximately $523,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Riverview Trust Co acquired a new position in shares of Aptiv in the first quarter valued at approximately $25,000. Independence Bank of Kentucky bought a new stake in shares of Aptiv in the second quarter valued at about $25,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Aptiv during the first quarter worth about $28,000. Crewe Advisors LLC grew its holdings in shares of Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company's stock worth $31,000 after buying an additional 215 shares in the last quarter. Finally, Clearstead Trust LLC raised its position in Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company's stock valued at $32,000 after buying an additional 305 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.
Analyst Ratings Changes
APTV has been the subject of several research reports. Wolfe Research assumed coverage on shares of Aptiv in a research note on Thursday, September 5th. They set an "outperform" rating and a $89.00 price target for the company. Bank of America cut their price target on shares of Aptiv from $115.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, July 22nd. JPMorgan Chase & Co. lifted their target price on Aptiv from $104.00 to $107.00 and gave the company an "overweight" rating in a research report on Monday, August 5th. Citigroup reduced their price target on Aptiv from $128.00 to $108.00 and set a "buy" rating for the company in a research report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $74.00 price target on shares of Aptiv in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of "Moderate Buy" and an average target price of $95.31.
Get Our Latest Analysis on APTV
Aptiv Price Performance
Shares of APTV traded up $1.80 during trading hours on Friday, reaching $74.11. The stock had a trading volume of 309,589 shares, compared to its average volume of 2,982,027. Aptiv PLC has a 12 month low of $63.62 and a 12 month high of $100.88. The company's 50-day moving average is $69.47 and its two-hundred day moving average is $73.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a market capitalization of $20.16 billion, a PE ratio of 6.82, a PEG ratio of 0.65 and a beta of 1.79.
Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the prior year, the firm posted $1.25 earnings per share. The firm's revenue was down 2.9% compared to the same quarter last year. Research analysts expect that Aptiv PLC will post 6.28 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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