APG Asset Management N.V. Has $37.96 Million Holdings in Aptiv PLC (NYSE:APTV)

APG Asset Management N.V. increased its stake in shares of Aptiv PLC (NYSE:APTV) by 5.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 577,793 shares of the auto parts company’s stock after acquiring an additional 32,421 shares during the period. APG Asset Management N.V.’s holdings in Aptiv were worth $37,964,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Riverview Trust Co acquired a new position in Aptiv during the first quarter valued at approximately $25,000. Independence Bank of Kentucky bought a new stake in shares of Aptiv during the 2nd quarter worth $25,000. Hazlett Burt & Watson Inc. acquired a new position in Aptiv in the 1st quarter valued at $28,000. Crewe Advisors LLC raised its holdings in Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 215 shares during the period. Finally, Clearstead Trust LLC lifted its position 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 last quarter. 94.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on APTV shares. StockNews.com lowered Aptiv from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Evercore ISI cut their price target on Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 15th. Wolfe Research initiated coverage on shares of Aptiv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price objective on the stock. The Goldman Sachs Group dropped their target price on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Morgan Stanley decreased their price target on shares of Aptiv from $70.00 to $68.00 and set an “underweight” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and an average price target of $95.31.

Aptiv Trading Up 2.7 %

Shares of APTV opened at $74.24 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. The stock has a market cap of $20.20 billion, a PE ratio of 7.00, a PEG ratio of 0.65 and a beta of 1.79. Aptiv PLC has a 1 year low of $63.62 and a 1 year high of $100.88. The stock has a 50 day simple moving average of $69.47 and a 200-day simple moving average of $73.88.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The firm had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same period in the prior year, the company posted $1.25 earnings per share. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, sell-side analysts predict that Aptiv PLC will post 6.28 EPS for the current fiscal year.

Aptiv Company 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.