Point72 Asia Singapore Pte. Ltd. Makes New $989,000 Investment in Aptiv PLC (NYSE:APTV)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Aptiv PLC (NYSE:APTV - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,736 shares of the auto parts company's stock, valued at approximately $989,000.

A number of other hedge funds also recently made changes to their positions in the stock. Independence Bank of Kentucky purchased a new position in shares of Aptiv during the 2nd quarter valued at approximately $25,000. Brown Brothers Harriman & Co. grew its position in Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock worth $32,000 after purchasing an additional 409 shares in the last quarter. Crewe Advisors LLC increased its holdings in shares of Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company's stock valued at $31,000 after purchasing an additional 215 shares during the period. Wolff Wiese Magana LLC lifted its stake 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 last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in Aptiv during the second quarter worth approximately $38,000. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Trading Up 1.1 %

Shares of NYSE APTV traded up $0.63 during midday trading on Monday, hitting $56.16. The company's stock had a trading volume of 1,202,493 shares, compared to its average volume of 3,142,796. The firm has a market cap of $13.20 billion, a P/E ratio of 6.25, a price-to-earnings-growth ratio of 0.56 and a beta of 1.81. The business's 50 day moving average is $63.69 and its two-hundred day moving average is $69.39. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $91.66. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV - Get Free Report) last announced 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. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the company posted $1.30 earnings per share. The firm's revenue was down 5.1% on a year-over-year basis. As a group, equities research analysts expect that Aptiv PLC will post 6.15 EPS for the current year.

Analysts Set New Price Targets

APTV has been the topic of a number of recent research reports. Wolfe Research started coverage on Aptiv in a report on Thursday, September 5th. They set an "outperform" rating and a $89.00 price objective on the stock. Wells Fargo & Company upgraded shares of Aptiv from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $78.00 to $87.00 in a report on Friday, September 20th. Fox Advisors cut shares of Aptiv from an "overweight" rating to an "equal weight" rating in a report on Tuesday, October 1st. Morgan Stanley cut their target price on Aptiv from $68.00 to $60.00 and set an "underweight" rating on the stock in a research note on Thursday, November 14th. Finally, StockNews.com initiated coverage on Aptiv in a research report on Wednesday, November 27th. They set a "hold" rating for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $85.29.

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.