Commonwealth Equity Services LLC Boosts Position in Aptiv PLC (NYSE:APTV)

Commonwealth Equity Services LLC raised its holdings in shares of Aptiv PLC (NYSE:APTV) by 11.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 32,891 shares of the auto parts company’s stock after buying an additional 3,383 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Aptiv were worth $2,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Financial Advocates Investment Management lifted its position in Aptiv by 5.9% during the fourth quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock valued at $211,000 after purchasing an additional 132 shares during the period. Broderick Brian C lifted its holdings in shares of Aptiv by 0.6% in the 1st quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock valued at $1,731,000 after buying an additional 132 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Aptiv by 11.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock worth $130,000 after buying an additional 146 shares during the last quarter. Signaturefd LLC grew its holdings in Aptiv by 6.2% during the second quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after acquiring an additional 156 shares during the period. Finally, Lindbrook Capital LLC raised its position in Aptiv by 27.3% during the first quarter. Lindbrook Capital LLC now owns 812 shares of the auto parts company’s stock valued at $65,000 after acquiring an additional 174 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Price Performance

NYSE:APTV opened at $67.00 on Friday. Aptiv PLC has a one year low of $63.62 and a one year high of $104.72. The stock has a market cap of $18.23 billion, a PE ratio of 6.31, a P/E/G ratio of 0.63 and a beta of 1.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a 50 day moving average price of $69.64 and a 200 day moving average price of $74.46.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.42 by $0.16. The business had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.30 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 EPS. Equities research analysts expect that Aptiv PLC will post 6.28 EPS for the current fiscal year.

Analysts Set New Price Targets

APTV has been the topic of several recent research reports. Morgan Stanley lowered their price objective on Aptiv from $75.00 to $70.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 14th. Wells Fargo & Company dropped their price target on shares of Aptiv from $82.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Barclays decreased their price objective on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Robert W. Baird dropped their target price on Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Finally, Citigroup reduced their price target on Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $94.88.

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.