Edgestream Partners L.P. Increases Stake in Aptiv PLC (NYSE:APTV)

Edgestream Partners L.P. lifted its stake in Aptiv PLC (NYSE:APTV) by 201.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,535 shares of the auto parts company’s stock after purchasing an additional 6,370 shares during the quarter. Edgestream Partners L.P.’s holdings in Aptiv were worth $671,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Broderick Brian C raised its position 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 purchasing an additional 132 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Aptiv by 11.2% during the 4th 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 raised its position in Aptiv by 6.2% during the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after buying an additional 156 shares during the last quarter. Lindbrook Capital LLC raised its position in Aptiv by 27.3% during the 1st quarter. Lindbrook Capital LLC now owns 812 shares of the auto parts company’s stock worth $65,000 after buying an additional 174 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in Aptiv by 1.2% during the 4th quarter. Advisory Services Network LLC now owns 14,892 shares of the auto parts company’s stock worth $1,336,000 after buying an additional 180 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Trading Down 1.0 %

Shares of APTV opened at $69.84 on Friday. Aptiv PLC has a 52-week low of $63.62 and a 52-week high of $100.88. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average is $69.54 and its two-hundred day moving average is $74.04. The stock has a market cap of $19.00 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79.

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. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. 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 firm earned $1.25 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Research analysts forecast that Aptiv PLC will post 6.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on APTV. Bank of America reduced their price target on shares of Aptiv from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. StockNews.com lowered shares of Aptiv from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. 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. The Goldman Sachs Group dropped their price objective on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada raised their price objective on shares of Aptiv from $85.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.44.

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.