XTX Topco Ltd Grows Position in Aptiv PLC (NYSE:APTV)

XTX Topco Ltd grew its position in Aptiv PLC (NYSE:APTV - Free Report) by 103.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,022 shares of the auto parts company's stock after purchasing an additional 12,721 shares during the quarter. XTX Topco Ltd's holdings in Aptiv were worth $1,802,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Swedbank AB bought a new stake in shares of Aptiv during the 2nd quarter valued at about $25,018,000. Proactive Wealth Strategies LLC bought a new position in shares of Aptiv during the 3rd quarter worth approximately $1,815,000. National Pension Service grew its position in shares of Aptiv by 16.6% during the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company's stock worth $36,214,000 after buying an additional 71,633 shares during the period. Mirabella Financial Services LLP increased its stake in shares of Aptiv by 184.8% in the 3rd quarter. Mirabella Financial Services LLP now owns 37,650 shares of the auto parts company's stock valued at $2,711,000 after acquiring an additional 24,432 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Aptiv by 73.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company's stock valued at $8,022,000 after acquiring an additional 47,215 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on APTV. Robert W. Baird decreased their price target on shares of Aptiv from $85.00 to $65.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Wolfe Research began coverage on Aptiv in a research report on Thursday, September 5th. They issued an "outperform" rating and a $89.00 target price for the company. StockNews.com assumed coverage on Aptiv in a report on Thursday. They issued a "hold" rating on the stock. TD Cowen decreased their price objective on Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a report on Friday, November 1st. Finally, Fox Advisors cut Aptiv from an "overweight" rating to an "equal weight" rating in a report on Tuesday, October 1st. Two equities 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $85.29.

Aptiv Stock Performance

Shares of APTV traded down $0.24 on Friday, reaching $56.67. 3,610,763 shares of the company's stock traded hands, compared to its average volume of 3,787,569. The stock's 50 day simple moving average is $62.11 and its two-hundred day simple moving average is $68.48. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $91.66. The stock has a market cap of $13.32 billion, a PE ratio of 6.32, a PEG ratio of 0.57 and a beta of 1.78.

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

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.