Oak Thistle LLC Acquires New Shares in Aptiv PLC (NYSE:APTV)

Oak Thistle LLC bought a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,309 shares of the auto parts company's stock, valued at approximately $865,000.

A number of other large investors also recently added to or reduced their stakes in the business. FMR LLC increased its stake in Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock worth $550,759,000 after purchasing an additional 1,294,670 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of 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 worth $529,212,000 after buying an additional 905,431 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Aptiv by 1,390.6% during 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 valued at $386,103,000 after buying an additional 5,002,090 shares during the last quarter. Franklin Resources Inc. boosted its position in Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company's stock valued at $336,861,000 after buying an additional 1,090,766 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in Aptiv by 18.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company's stock worth $179,189,000 after acquiring an additional 388,045 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Stock Up 0.7 %

Shares of Aptiv stock traded up $0.43 during midday trading on Thursday, hitting $61.32. The company had a trading volume of 2,853,041 shares, compared to its average volume of 2,987,693. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $88.89. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The stock has a market capitalization of $14.41 billion, a P/E ratio of 6.84, a P/E/G ratio of 0.53 and a beta of 1.75. The company has a 50 day moving average of $57.63 and a 200 day moving average of $65.12.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.15. The firm had revenue of $4.85 billion for 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 quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 earnings per share. On average, equities analysts predict that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on APTV shares. Barclays lowered their price objective on shares of Aptiv from $100.00 to $80.00 and set an "overweight" rating for the company in a research note on Monday, November 4th. Wells Fargo & Company lowered their price target on Aptiv from $74.00 to $70.00 and set an "overweight" rating for the company in a research report on Monday, December 16th. TD Cowen cut their price objective on Aptiv from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Oppenheimer decreased their target price on Aptiv from $147.00 to $83.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Aptiv from $107.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.29.

Aptiv Company 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.