Tectonic Advisors LLC Has $1.17 Million Position in Aptiv PLC (NYSE:APTV)

Tectonic Advisors LLC raised its stake in Aptiv PLC (NYSE:APTV) by 12.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,184 shares of the auto parts company’s stock after purchasing an additional 1,845 shares during the period. Tectonic Advisors LLC’s holdings in Aptiv were worth $1,165,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of APTV. Independence Bank of Kentucky acquired a new position in shares of Aptiv in the second quarter valued at $25,000. Crewe Advisors LLC increased its holdings in shares of Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 215 shares during the last quarter. Clearstead Trust LLC grew its stake in shares of Aptiv by 305.0% in the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 305 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Aptiv in the second quarter valued at about $38,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Up 1.5 %

APTV stock opened at $69.31 on Friday. The stock has a market capitalization of $18.86 billion, a P/E ratio of 6.53, a price-to-earnings-growth ratio of 0.65 and a beta of 1.79. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. Aptiv PLC has a 12 month low of $63.62 and a 12 month high of $91.66. The firm has a 50-day moving average price of $70.21 and a 200-day moving average price of $72.83.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $5.30 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Aptiv PLC will post 6.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on APTV. Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Royal Bank of Canada upped their price target on shares of Aptiv from $85.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. Evercore ISI decreased their price target on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Oppenheimer restated an “outperform” rating and issued a $145.00 price target on shares of Aptiv in a research note on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $74.00 price objective on shares of Aptiv in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.50.

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.