Shorepath Capital Management LLC Raises Holdings in Aptiv PLC (NYSE:APTV)

Shorepath Capital Management LLC boosted its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 21.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 66,104 shares of the auto parts company's stock after purchasing an additional 11,835 shares during the period. Aptiv makes up 2.9% of Shorepath Capital Management LLC's investment portfolio, making the stock its 18th largest holding. Shorepath Capital Management LLC's holdings in Aptiv were worth $3,998,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of APTV. Brown Brothers Harriman & Co. increased its stake in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock valued at $32,000 after buying an additional 409 shares during the period. Wolff Wiese Magana LLC increased its stake in shares of Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock worth $36,000 after acquiring an additional 155 shares during the period. Capital Performance Advisors LLP purchased a new position in Aptiv during the third quarter worth about $43,000. Brooklyn Investment Group acquired a new stake in Aptiv in the third quarter valued at about $43,000. Finally, Mather Group LLC. boosted its holdings in Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company's stock valued at $47,000 after purchasing an additional 176 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Price Performance

Shares of APTV traded up $0.80 during trading hours on Tuesday, reaching $61.41. 2,191,931 shares of the company traded hands, compared to its average volume of 2,993,979. The stock has a fifty day simple moving average of $57.37 and a 200 day simple moving average of $65.21. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $88.89. The stock has a market capitalization of $14.43 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 0.59 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 announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (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 net margin of 12.29% and a return on equity of 14.51%. Aptiv's revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.30 earnings per share. As a group, research analysts predict that Aptiv PLC will post 6.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on APTV shares. Bank of America cut their target price on Aptiv from $105.00 to $102.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Royal Bank of Canada cut their price objective on Aptiv from $82.00 to $72.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Wells Fargo & Company decreased their target price on shares of Aptiv from $74.00 to $70.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Robert W. Baird cut their price target on shares of Aptiv from $85.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Finally, TD Cowen decreased their price objective on shares of Aptiv from $95.00 to $74.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.29.

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.