AQR Capital Management LLC Acquires 159,950 Shares of Aptiv PLC (NYSE:APTV)

AQR Capital Management LLC raised its stake in shares of Aptiv PLC (NYSE:APTV) by 27.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 738,000 shares of the auto parts company’s stock after purchasing an additional 159,950 shares during the period. AQR Capital Management LLC owned 0.27% of Aptiv worth $51,062,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Riverview Trust Co bought a new position in Aptiv during the first quarter worth $25,000. Independence Bank of Kentucky bought a new position in shares of Aptiv in the 2nd quarter worth about $25,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Aptiv in the 1st quarter valued at about $28,000. Clearstead Trust LLC boosted its position in shares of Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 305 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in Aptiv in the first quarter worth approximately $33,000. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on APTV. JPMorgan Chase & Co. increased their price target on Aptiv from $104.00 to $107.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. The Goldman Sachs Group reduced their price target on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. StockNews.com lowered shares of Aptiv from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Robert W. Baird reduced their target price on Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Finally, Royal Bank of Canada boosted their target price on Aptiv from $85.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and an average target price of $95.31.

Aptiv Stock Performance

NYSE APTV opened at $74.24 on Friday. The company has a fifty day moving average price of $69.58 and a 200-day moving average price of $73.85. The firm has a market cap of $20.20 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 0.65 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 PLC has a 1 year low of $63.62 and a 1 year high of $100.88.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 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 firm had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter last year, the business posted $1.25 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities research analysts predict that Aptiv PLC will post 6.28 EPS for the current fiscal year.

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.