Worldquant Millennium Advisors LLC lifted its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 44.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 139,040 shares of the auto parts company's stock after buying an additional 42,463 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.06% of Aptiv worth $10,012,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of APTV. Cetera Investment Advisers lifted its holdings 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 buying an additional 21,712 shares in the last quarter. Cetera Advisors LLC purchased a new position in Aptiv in the first quarter valued at about $383,000. CWM LLC grew its stake in Aptiv by 29.7% during the 2nd quarter. CWM LLC now owns 10,720 shares of the auto parts company's stock valued at $755,000 after purchasing an additional 2,452 shares in the last quarter. Simplicity Wealth LLC increased its holdings in Aptiv by 13.2% during the 2nd quarter. Simplicity Wealth LLC now owns 3,784 shares of the auto parts company's stock worth $266,000 after purchasing an additional 440 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Aptiv by 13.1% in the 2nd quarter. QRG Capital Management Inc. now owns 13,332 shares of the auto parts company's stock valued at $939,000 after purchasing an additional 1,542 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently weighed in on APTV shares. TD Cowen decreased their price target on shares of Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted 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. Deutsche Bank Aktiengesellschaft cut their target price on shares of Aptiv from $76.00 to $66.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Fox Advisors downgraded Aptiv from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, October 1st. Finally, Wells Fargo & Company upgraded Aptiv from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $78.00 to $87.00 in a research note on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $85.29.
Read Our Latest Analysis on APTV
Aptiv Stock Performance
Shares of APTV stock traded down $0.24 during trading hours on Friday, reaching $56.67. The stock had a trading volume of 3,610,763 shares, compared to its average volume of 3,787,569. The firm has a market capitalization of $13.32 billion, a PE ratio of 6.32, a price-to-earnings-growth ratio of 0.57 and a beta of 1.78. The firm has a 50-day simple moving average of $62.11 and a 200-day simple moving average of $68.58. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $91.66. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.
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, beating the consensus estimate of $1.68 by $0.15. The company 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, equities analysts forecast that Aptiv PLC will post 6.15 earnings per share for the current year.
About Aptiv
(
Free Report)
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.
Featured Articles
Before you consider Aptiv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aptiv wasn't on the list.
While Aptiv currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
