Marshall Wace North America L.P. cut its position in shares of Aptiv PLC (NYSE:APTV) by 58.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,300 shares of the auto parts company’s stock after selling 3,264 shares during the period. Marshall Wace North America L.P.’s holdings in Aptiv were worth $183,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thor Advisors LLC purchased a new position in Aptiv during the first quarter valued at $33,000. PRW Wealth Management LLC purchased a new position in Aptiv during the fourth quarter valued at $28,000. Botty Investors LLC acquired a new stake in shares of Aptiv in the first quarter valued at about $40,000. Essex Savings Bank raised its position in shares of Aptiv by 88.1% in the first quarter. Essex Savings Bank now owns 555 shares of the auto parts company’s stock valued at $44,000 after buying an additional 260 shares during the last quarter. Finally, Resources Investment Advisors Inc. acquired a new stake in shares of Aptiv in the fourth quarter valued at about $34,000. 94.32% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on APTV shares. Morgan Stanley set a $103.00 target price on shares of Nike and gave the company a “buy” rating in a research report on Friday, June 28th. Oppenheimer set a $10.00 target price on shares of Motus GI and gave the company a “buy” rating in a research report on Thursday, March 28th. Buckingham Research increased their target price on shares of SYSCO from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Credit Suisse Group started coverage on shares of Magna International in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $55.00 target price for the company. Finally, Wolfe Research cut shares of Southwestern Energy from a “peer perform” rating to an “underperform” rating in a research report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Aptiv has an average rating of “Buy” and a consensus target price of $90.76.
Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. Aptiv had a net margin of 6.95% and a return on equity of 35.66%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same period last year, the business earned $1.29 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts predict that Aptiv PLC will post 4.98 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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