Pinnacle Associates Ltd. increased its stake in Aptiv PLC (NYSE:APTV - Free Report) by 50.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,696 shares of the auto parts company's stock after purchasing an additional 10,601 shares during the period. Pinnacle Associates Ltd.'s holdings in Aptiv were worth $2,282,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of APTV. Broderick Brian C boosted its stake in Aptiv by 0.6% in the first quarter. Broderick Brian C now owns 21,728 shares of the auto parts company's stock valued at $1,731,000 after buying an additional 132 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of Aptiv by 44.3% in the third 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 during the period. Signaturefd LLC lifted its stake in shares of Aptiv by 6.2% in the second quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company's stock worth $189,000 after acquiring an additional 156 shares during the period. Mather Group LLC. lifted its stake in shares of Aptiv by 36.9% in the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company's stock worth $47,000 after acquiring an additional 176 shares during the period. Finally, Crewe Advisors LLC lifted its stake in shares of Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company's stock worth $31,000 after acquiring an additional 215 shares during the period. Institutional investors own 94.21% of the company's stock.
Aptiv Stock Performance
Shares of NYSE APTV traded down $0.46 during trading on Friday, reaching $56.37. 6,184,402 shares of the stock traded hands, compared to its average volume of 3,042,018. Aptiv PLC has a 52-week low of $54.70 and a 52-week high of $91.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09. The company has a 50-day moving average of $69.58 and a 200-day moving average of $72.41. The stock has a market capitalization of $14.98 billion, a P/E ratio of 4.26, a price-to-earnings-growth ratio of 0.63 and a beta of 1.79.
Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.14. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The firm had revenue of $4.85 billion for the quarter, compared to analysts' expectations of $5.10 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The business's revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts forecast that Aptiv PLC will post 6.23 EPS for the current fiscal year.
Analyst Ratings Changes
APTV has been the topic of a number of recent analyst reports. Bank of America cut their price objective on Aptiv from $105.00 to $102.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. The Goldman Sachs Group lowered their target price on Aptiv from $118.00 to $101.00 and set a "buy" rating for the company in a report on Wednesday, July 10th. UBS Group lowered their target price on Aptiv from $107.00 to $99.00 and set a "buy" rating for the company in a report on Wednesday, July 10th. JPMorgan Chase & Co. lifted their target price on Aptiv from $107.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Finally, Fox Advisors downgraded Aptiv from an "overweight" rating to an "equal weight" rating in a report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $88.18.
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Aptiv Company Profile
(
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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