The Manufacturers Life Insurance Company Has $31.76 Million Holdings in Aptiv PLC (NYSE:APTV)

The Manufacturers Life Insurance Company grew its stake in shares of Aptiv PLC (NYSE:APTV) by 6.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 451,071 shares of the auto parts company’s stock after buying an additional 26,500 shares during the period. The Manufacturers Life Insurance Company’s holdings in Aptiv were worth $31,764,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Riverview Trust Co acquired a new position in Aptiv in the 1st quarter valued at approximately $25,000. Independence Bank of Kentucky bought a new stake in shares of Aptiv during the second quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Aptiv in the first quarter valued at $28,000. Crewe Advisors LLC lifted its holdings in Aptiv by 94.7% during the 2nd 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. Finally, Clearstead Trust LLC boosted its position in 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 buying an additional 305 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

APTV has been the subject of a number of research analyst reports. Piper Sandler cut shares of Aptiv from a “neutral” rating to an “underweight” rating and cut their target price for the company from $78.00 to $63.00 in a research note on Wednesday, June 26th. Bank of America reduced their price objective on Aptiv from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. The Goldman Sachs Group decreased their target price on Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Nomura Securities raised Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Finally, Barclays decreased their price objective on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average price target of $95.31.

Aptiv Price Performance

APTV opened at $72.01 on Tuesday. The company has a fifty day moving average price of $69.62 and a two-hundred day moving average price of $73.75. The firm has a market capitalization of $19.59 billion, a PE ratio of 6.79, a P/E/G ratio of 0.65 and a beta of 1.79. Aptiv PLC has a 52 week low of $63.62 and a 52 week high of $99.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49.

Aptiv (NYSE:APTV) last released 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. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The business had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. As a group, analysts anticipate that Aptiv PLC will post 6.28 earnings per share for the current 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.