Blue Trust Inc. Purchases 1,849 Shares of Aptiv PLC (NYSE:APTV)

Blue Trust Inc. lifted its position in shares of Aptiv PLC (NYSE:APTV) by 713.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,108 shares of the auto parts company’s stock after acquiring an additional 1,849 shares during the quarter. Blue Trust Inc.’s holdings in Aptiv were worth $148,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its position in Aptiv by 15.9% during 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. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Aptiv by 13.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after purchasing an additional 905,431 shares in the last quarter. Capital World Investors bought a new stake in Aptiv during the first quarter valued at about $343,760,000. Clearbridge Investments LLC boosted its position in Aptiv by 3.1% during the first quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock valued at $343,728,000 after purchasing an additional 131,431 shares in the last quarter. Finally, EdgePoint Investment Group Inc. bought a new stake in Aptiv during the first quarter valued at about $335,426,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Up 1.5 %

Shares of NYSE:APTV opened at $69.31 on Monday. Aptiv PLC has a 52-week low of $63.62 and a 52-week high of $91.66. The stock has a market cap of $18.86 billion, a price-to-earnings ratio of 6.53, a PEG ratio of 0.65 and a beta of 1.79. 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 business has a 50-day moving average price of $70.22 and a 200-day moving average price of $72.73.

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

Analysts Set New Price Targets

APTV has been the topic of a number of recent research reports. 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. Evercore ISI dropped their price objective on Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 15th. Barclays decreased their price target on Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. StockNews.com began coverage on Aptiv in a research note on Saturday. They issued a “hold” rating for the company. Finally, Citigroup decreased their price target on Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Aptiv has a consensus 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.