Point72 DIFC Ltd Buys 26,091 Shares of Aptiv PLC (NYSE:APTV)

Point72 DIFC Ltd grew its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 745.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 29,591 shares of the auto parts company's stock after buying an additional 26,091 shares during the period. Point72 DIFC Ltd's holdings in Aptiv were worth $2,131,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in APTV. B. Riley Wealth Advisors Inc. increased its stake in Aptiv by 18.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 2,788 shares of the auto parts company's stock valued at $222,000 after acquiring an additional 440 shares during the period. Cetera Investment Advisers grew its stake in Aptiv by 196.5% during the first quarter. Cetera Investment Advisers now owns 32,763 shares of the auto parts company's stock worth $2,610,000 after buying an additional 21,712 shares during the last quarter. Cetera Advisors LLC bought a new stake in Aptiv during the first quarter worth about $383,000. GAMMA Investing LLC grew its stake in Aptiv by 146.9% during the second quarter. GAMMA Investing LLC now owns 1,005 shares of the auto parts company's stock worth $71,000 after buying an additional 598 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new stake in Aptiv during the second quarter worth about $350,000. Institutional investors own 94.21% of the company's stock.

Aptiv Trading Up 0.9 %

NYSE APTV traded up $0.50 during trading hours on Thursday, hitting $56.91. The company's stock had a trading volume of 3,383,147 shares, compared to its average volume of 3,155,874. The stock has a fifty day moving average of $62.46 and a 200 day moving average of $68.85. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $91.66. The firm has a market capitalization of $13.38 billion, a P/E ratio of 6.35, a PEG ratio of 0.56 and a beta of 1.78. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the business posted $1.30 earnings per share. Equities research analysts forecast that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Royal Bank of Canada decreased their price objective on shares of Aptiv from $82.00 to $72.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Barclays decreased their price objective on shares of Aptiv from $100.00 to $80.00 and set an "overweight" rating on the stock in a research note on Monday, November 4th. Morgan Stanley decreased their price objective on shares of Aptiv from $68.00 to $60.00 and set an "underweight" rating on the stock in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Aptiv from $76.00 to $66.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Finally, Wells Fargo & Company upgraded shares of Aptiv from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $78.00 to $87.00 in a research report on Friday, September 20th. Two equities research 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.com, the company has a consensus rating of "Moderate Buy" and an average target price of $85.29.

About Aptiv

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.