Kayne Anderson Rudnick Investment Management LLC Has $2.05 Million Holdings in Aptiv PLC (NYSE:APTV)

Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Aptiv PLC (NYSE:APTV) by 312.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 29,164 shares of the auto parts company’s stock after purchasing an additional 22,098 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Aptiv were worth $2,054,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Aptiv by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock valued at $2,843,905,000 after acquiring an additional 325,550 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Aptiv by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after purchasing an additional 1,764,844 shares in the last quarter. Capital World Investors acquired a new stake in Aptiv during the first quarter worth $343,760,000. Clearbridge Investments LLC increased its holdings in Aptiv by 3.1% in the 1st quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock valued at $343,728,000 after buying an additional 131,431 shares during the period. Finally, EdgePoint Investment Group Inc. bought a new position in shares of Aptiv during the 1st quarter worth about $335,426,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on APTV. The Goldman Sachs Group lowered their target price 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. Piper Sandler cut Aptiv from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $78.00 to $63.00 in a report on Wednesday, June 26th. Nomura Securities raised Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Citigroup lowered their price target on Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Finally, Barclays cut their price objective on Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average price target of $95.44.

Aptiv Price Performance

APTV opened at $71.54 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09. The stock has a market capitalization of $19.46 billion, a P/E ratio of 6.74, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79. The company’s 50 day simple moving average is $69.52 and its 200-day simple moving average is $73.96. Aptiv PLC has a one year low of $63.62 and a one year high of $100.88.

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