William Blair Investment Management LLC grew its stake in shares of Aptiv PLC (NYSE:APTV) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 590,149 shares of the auto parts company’s stock after acquiring an additional 24,080 shares during the period. William Blair Investment Management LLC owned 0.23% of Aptiv worth $46,911,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of APTV. PRW Wealth Management LLC acquired a new stake in shares of Aptiv in the fourth quarter valued at approximately $28,000. Oregon Public Employees Retirement Fund raised its position 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 approximately $34,000. Resources Investment Advisors Inc. acquired a new stake in shares of Aptiv in the fourth quarter valued at approximately $34,000. Finally, Enlightenment Research LLC acquired a new stake in shares of Aptiv in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.
A number of research firms have recently weighed in on APTV. Jefferies Financial Group lifted their price target on shares of Aptiv from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Buckingham Research dropped their price target on shares of Aptiv from $80.00 to $76.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Robert W. Baird lifted their price target on shares of Aptiv from $103.00 to $109.00 and gave the company an “outperform” rating in a research report on Tuesday, June 11th. Credit Suisse Group began coverage on shares of Aptiv in a research report on Wednesday. They issued an “outperform” rating and a $78.92 price target for the company. Finally, Zacks Investment Research downgraded shares of Aptiv from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a research report on Tuesday, June 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Aptiv has a consensus rating of “Buy” and a consensus target price of $90.76.
Shares of NYSE:APTV opened at $80.83 on Friday. The company has a 50 day moving average price of $73.48. The company 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. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.20 and a quick ratio of 0.87. Aptiv PLC has a 1 year low of $58.80 and a 1 year high of $98.77.
Aptiv (NYSE:APTV) last posted its earnings results on Thursday, May 2nd. The auto parts company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Aptiv had a net margin of 6.95% and a return on equity of 35.66%. The company’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.29 earnings per share. 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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