Verition Fund Management LLC Grows Position in Aptiv PLC (NYSE:APTV)

Verition Fund Management LLC lifted its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 433.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,544 shares of the auto parts company's stock after acquiring an additional 28,067 shares during the quarter. Verition Fund Management LLC's holdings in Aptiv were worth $2,488,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Cetera Investment Advisers boosted its position in Aptiv by 196.5% in the 1st quarter. Cetera Investment Advisers now owns 32,763 shares of the auto parts company's stock worth $2,610,000 after purchasing an additional 21,712 shares in the last quarter. Cetera Advisors LLC purchased a new stake in Aptiv during the first quarter worth $383,000. GAMMA Investing LLC grew its position in Aptiv by 146.9% during the second quarter. GAMMA Investing LLC now owns 1,005 shares of the auto parts company's stock valued at $71,000 after buying an additional 598 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in Aptiv in the second quarter valued at $350,000. Finally, Park Avenue Securities LLC raised its position in shares of Aptiv by 9.5% in the second quarter. Park Avenue Securities LLC now owns 16,707 shares of the auto parts company's stock worth $1,176,000 after acquiring an additional 1,455 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wells Fargo & Company upgraded Aptiv from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $78.00 to $87.00 in a research report on Friday, September 20th. Fox Advisors lowered Aptiv from an "overweight" rating to an "equal weight" rating in a report on Tuesday, October 1st. Morgan Stanley cut their price objective on Aptiv from $68.00 to $60.00 and set an "underweight" rating for the company in a research report on Thursday, November 14th. StockNews.com initiated coverage on Aptiv in a research report on Thursday. They set a "hold" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Aptiv from $76.00 to $66.00 and set a "hold" rating for the company in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $85.29.

Aptiv Trading Down 0.4 %

NYSE APTV traded down $0.24 on Friday, reaching $56.67. 3,610,405 shares of the company were exchanged, compared to its average volume of 3,157,800. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The business's fifty day moving average price is $62.46 and its 200 day moving average price is $68.85. The stock has a market capitalization of $13.32 billion, a P/E ratio of 6.32, a price-to-earnings-growth ratio of 0.56 and a beta of 1.78. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $91.66.

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