Cambridge Investment Research Advisors Inc. boosted its stake in shares of Aptiv PLC (NYSE:APTV) by 22.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,384 shares of the auto parts company’s stock after buying an additional 2,304 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Aptiv were worth $984,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. PRW Wealth Management LLC acquired a new stake in shares of Aptiv in the fourth quarter valued at $28,000. Oregon Public Employees Retirement Fund increased its stake in shares of Aptiv by 3,023.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,974,550 shares of the auto parts company’s stock valued at $32,000 after buying an additional 1,911,334 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in shares of Aptiv in the fourth quarter valued at $34,000. Resources Investment Advisors Inc. bought a new position in Aptiv in the fourth quarter valued at about $34,000. Finally, Enlightenment Research LLC bought a new position in Aptiv in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.
APTV has been the topic of several recent research reports. Jefferies Financial Group raised their price target on Aptiv from $100.00 to $107.00 and gave the company a “buy” rating in a report on Friday, April 12th. Zacks Investment Research upgraded Aptiv from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Buckingham Research reduced their target price on Aptiv from $80.00 to $76.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Robert W. Baird raised their price target on Aptiv from $103.00 to $109.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 11th. Finally, Oppenheimer assumed coverage on Aptiv in a research report on Thursday, March 28th. They set an “outperform” rating and a $93.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Aptiv presently has a consensus rating of “Buy” and a consensus price target of $90.76.
Shares of NYSE:APTV traded down $0.23 during trading on Friday, hitting $80.83. 5,891,418 shares of the company were exchanged, compared to its average volume of 1,619,025. The stock has a market capitalization of $20.84 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 1.45 and a beta of 1.93. Aptiv PLC has a fifty-two week low of $58.80 and a fifty-two week high of $98.77. The firm has a fifty day simple moving average of $73.48. The company has a current ratio of 1.20, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.
Aptiv (NYSE:APTV) last issued its earnings results on Thursday, May 2nd. The auto parts company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. Aptiv had a return on equity of 35.66% and a net margin of 6.95%. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the previous year, the company posted $1.29 EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that Aptiv PLC will post 5.02 EPS for the current fiscal year.
Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.
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