Virtu Financial LLC Takes Position in Aptiv PLC (NYSE:APTV)

Virtu Financial LLC purchased a new position in Aptiv PLC (NYSE:APTV - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,877 shares of the auto parts company's stock, valued at approximately $783,000.

Several other hedge funds have also bought and sold shares of APTV. Independence Bank of Kentucky bought a new position in shares of Aptiv during the second quarter valued at $25,000. Brown Brothers Harriman & Co. increased its stake in Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock valued at $32,000 after purchasing an additional 409 shares in the last quarter. Crewe Advisors LLC raised its holdings in Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company's stock worth $31,000 after buying an additional 215 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock worth $36,000 after buying an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Aptiv during the second quarter valued at approximately $38,000. Institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

NYSE:APTV traded down $0.57 during trading hours on Friday, hitting $57.97. 3,350,667 shares of the stock traded hands, compared to its average volume of 3,168,490. The company has a market cap of $13.63 billion, a price-to-earnings ratio of 6.47, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $91.66. The stock has a 50 day moving average price of $60.90 and a 200 day moving average price of $67.85. 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 released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company 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 earned $1.30 EPS. Aptiv's revenue for the quarter was down 5.1% on a year-over-year basis. Sell-side analysts forecast that Aptiv PLC will post 6.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Fox Advisors cut Aptiv from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Aptiv from $76.00 to $66.00 and set a "hold" rating for the company in a research report on Friday, November 1st. Royal Bank of Canada reduced their price target on shares of Aptiv from $82.00 to $72.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Wells Fargo & Company upgraded shares of Aptiv from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $78.00 to $87.00 in a research report on Friday, September 20th. Finally, Barclays cut their target price on shares of Aptiv from $100.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.