UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in Aptiv PLC (NYSE:APTV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 1,390.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,361,795 shares of the auto parts company's stock after purchasing an additional 5,002,090 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 2.28% of Aptiv worth $386,103,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of APTV. Massachusetts Financial Services Co. MA boosted its holdings in Aptiv by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company's stock worth $905,681,000 after purchasing an additional 1,764,844 shares during the last quarter. FMR LLC lifted its holdings in shares of Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock valued at $550,759,000 after buying an additional 1,294,670 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Aptiv by 13.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company's stock worth $529,212,000 after buying an additional 905,431 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in shares of Aptiv by 3,679.1% in the third quarter. Mizuho Securities USA LLC now owns 792,581 shares of the auto parts company's stock worth $57,074,000 after acquiring an additional 771,608 shares during the period. Finally, SG Americas Securities LLC increased its position in Aptiv by 1,368.6% during the third quarter. SG Americas Securities LLC now owns 414,273 shares of the auto parts company's stock valued at $29,832,000 after acquiring an additional 386,064 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

Shares of Aptiv stock traded down $0.02 on Friday, hitting $55.50. 1,852,115 shares of the company traded hands, compared to its average volume of 3,151,480. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The business has a 50-day simple moving average of $63.69 and a 200 day simple moving average of $69.57. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $91.66. The stock has a market capitalization of $13.04 billion, a P/E ratio of 6.19, a price-to-earnings-growth ratio of 0.56 and a beta of 1.81.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion for 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%. The business's quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 EPS. Research analysts expect that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

APTV has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their price target on Aptiv from $76.00 to $66.00 and set a "hold" rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Morgan Stanley reduced their target price on shares of Aptiv from $68.00 to $60.00 and set an "underweight" rating for the company in a report on Thursday, November 14th. StockNews.com initiated coverage on shares of Aptiv in a research note on Wednesday. They set a "hold" rating on the stock. Finally, Fox Advisors lowered Aptiv from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Aptiv presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.29.

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.