85,100 Shares in Aptiv PLC (NYSE:APTV) Acquired by Paloma Partners Management Co

Paloma Partners Management Co acquired a new stake in Aptiv PLC (NYSE:APTV - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 85,100 shares of the auto parts company's stock, valued at approximately $6,128,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wolff Wiese Magana LLC grew its position in Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock valued at $36,000 after acquiring an additional 155 shares during the period. Signaturefd LLC grew its holdings in shares of Aptiv by 6.2% in the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company's stock worth $189,000 after purchasing an additional 156 shares during the last quarter. Mather Group LLC. increased its position in shares of Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company's stock worth $47,000 after purchasing an additional 176 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Aptiv by 16.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company's stock valued at $88,000 after purchasing an additional 176 shares during the last quarter. Finally, Crewe Advisors LLC grew its stake in 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 during the last quarter. 94.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on APTV shares. Morgan Stanley reduced their target price on Aptiv from $68.00 to $60.00 and set an "underweight" rating on the stock in a report on Thursday, November 14th. Wolfe Research initiated 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. Guggenheim decreased their price objective on shares of Aptiv from $87.00 to $73.00 and set a "buy" rating on the stock in a report on Thursday, November 21st. TD Cowen dropped their target price on shares of Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Finally, Nomura Securities raised shares of Aptiv from a "strong sell" rating to a "hold" rating in a research note on Monday, August 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $85.29.

Aptiv Stock Performance

NYSE APTV traded up $0.69 on Monday, hitting $56.22. 1,499,848 shares of the stock were exchanged, compared to its average volume of 3,144,116. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $91.66. The business's fifty day moving average is $63.69 and its 200 day moving average is $69.39. The company has a market capitalization of $13.21 billion, a PE ratio of 6.25, a P/E/G ratio of 0.56 and a beta of 1.81.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company's revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.30 EPS. Research analysts anticipate that Aptiv PLC will post 6.15 EPS for the current fiscal 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.