Federated Hermes Inc. Purchases 7,188 Shares of Aptiv PLC (NYSE:APTV)

Federated Hermes Inc. grew its holdings in Aptiv PLC (NYSE:APTV) by 12.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,733 shares of the auto parts company’s stock after acquiring an additional 7,188 shares during the quarter. Federated Hermes Inc.’s holdings in Aptiv were worth $4,558,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Riverview Trust Co bought a new stake in Aptiv in the 1st quarter valued at about $25,000. Independence Bank of Kentucky acquired a new stake in shares of Aptiv in the second quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. bought a new stake in shares of Aptiv in the first quarter valued at approximately $28,000. Crewe Advisors LLC grew its position in Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after buying an additional 215 shares in the last quarter. Finally, Clearstead Trust LLC increased its stake in Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 305 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on APTV shares. Robert W. Baird cut their target price on Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Royal Bank of Canada upped their price objective on shares of Aptiv from $85.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. UBS Group decreased their target price on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Oppenheimer reaffirmed an “outperform” rating and set a $145.00 price target on shares of Aptiv in a report on Tuesday, July 9th. Finally, Piper Sandler lowered shares of Aptiv from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $78.00 to $63.00 in a research report on Wednesday, June 26th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.88.

Aptiv Price Performance

Aptiv stock opened at $69.67 on Thursday. The stock’s 50 day moving average is $69.62 and its 200 day moving average is $74.16. Aptiv PLC has a one year low of $63.62 and a one year high of $104.72. The firm has a market cap of $18.95 billion, a P/E ratio of 6.57, a P/E/G ratio of 0.60 and a beta of 1.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09.

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

Aptiv Profile

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.