Royal London Asset Management Ltd. Acquires 10,226 Shares of Aptiv PLC (NYSE:APTV)

Royal London Asset Management Ltd. increased its position in Aptiv PLC (NYSE:APTV - Free Report) by 10.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 109,504 shares of the auto parts company's stock after purchasing an additional 10,226 shares during the period. Royal London Asset Management Ltd.'s holdings in Aptiv were worth $7,885,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC boosted its stake in shares of Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock valued at $36,000 after buying an additional 155 shares during the period. Signaturefd LLC boosted its stake in shares of Aptiv by 6.2% during the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company's stock valued at $189,000 after buying an additional 156 shares during the period. Mather Group LLC. boosted its stake 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 valued at $47,000 after buying an additional 176 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of 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 buying an additional 176 shares during the period. Finally, Crewe Advisors LLC boosted its stake in shares of Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company's stock valued at $31,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on APTV shares. Bank of America lowered their target price on shares of Aptiv from $105.00 to $102.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Fox Advisors downgraded shares of Aptiv from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, October 1st. Robert W. Baird lowered their target price on shares of Aptiv from $85.00 to $65.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their target price on shares of Aptiv from $107.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Finally, StockNews.com started coverage on Aptiv in a research report on Thursday. They set a "hold" rating on the stock. 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 company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.29.

Aptiv Price Performance

NYSE:APTV traded up $0.90 during mid-day trading on Monday, reaching $57.57. 3,182,186 shares of the company were exchanged, compared to its average volume of 3,157,377. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $91.66. The stock has a market cap of $13.53 billion, a PE ratio of 6.35, a PEG ratio of 0.57 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. The company has a fifty day moving average of $62.11 and a 200 day moving average of $68.48.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Aptiv's revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.30 EPS. On average, research analysts anticipate that Aptiv PLC will post 6.15 EPS for the current fiscal year.

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.