Cetera Investment Advisers Boosts Holdings in Aptiv PLC (NYSE:APTV)

Cetera Investment Advisers lifted its position in Aptiv PLC (NYSE:APTV) by 8.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,658 shares of the auto parts company’s stock after purchasing an additional 2,895 shares during the quarter. Cetera Investment Advisers’ holdings in Aptiv were worth $2,511,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in APTV. Capital World Investors purchased a new stake in shares of Aptiv in the 1st quarter valued at about $343,760,000. EdgePoint Investment Group Inc. purchased a new stake in Aptiv in the first quarter valued at approximately $335,426,000. Massachusetts Financial Services Co. MA raised its stake in 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. Ariel Investments LLC bought a new stake in Aptiv during the first quarter valued at approximately $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in Aptiv by 13.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after buying an additional 905,431 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on APTV shares. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. JPMorgan Chase & Co. upped their price objective on Aptiv from $104.00 to $107.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. StockNews.com cut Aptiv from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Barclays reduced their price target on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Citigroup lowered their price objective on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.31.

Aptiv Trading Up 0.8 %

NYSE:APTV opened at $71.29 on Friday. The firm has a market capitalization of $19.40 billion, a P/E ratio of 6.72, 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 one year low of $63.62 and a one year high of $99.31. The company’s 50-day simple moving average is $69.87 and its 200 day simple moving average is $73.28.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.16. The company had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 EPS. As a group, analysts forecast that Aptiv PLC will post 6.28 EPS for the current fiscal year.

Aptiv 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.