Mediolanum International Funds Ltd Buys New Shares in Aptiv PLC (NYSE:APTV)

Mediolanum International Funds Ltd bought a new stake in Aptiv PLC (NYSE:APTV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,317 shares of the auto parts company’s stock, valued at approximately $765,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Founders Financial Securities LLC boosted its position in Aptiv by 7.2% during the first quarter. Founders Financial Securities LLC now owns 3,766 shares of the auto parts company’s stock worth $300,000 after purchasing an additional 254 shares during the period. Cullinan Associates Inc. bought a new position in Aptiv during the first quarter worth $454,000. Iyo Bank Ltd. boosted its position in Aptiv by 16.1% during the first quarter. Iyo Bank Ltd. now owns 46,450 shares of the auto parts company’s stock worth $3,700,000 after purchasing an additional 6,450 shares during the period. Olstein Capital Management L.P. bought a new position in Aptiv during the first quarter worth $3,345,000. Finally, Bourgeon Capital Management LLC boosted its position in Aptiv by 0.9% during the first quarter. Bourgeon Capital Management LLC now owns 115,110 shares of the auto parts company’s stock worth $9,169,000 after purchasing an additional 1,014 shares during the period. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Up 1.5 %

APTV stock 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 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 simple moving average of $70.22 and a 200 day simple moving average of $72.73. The company has a market cap of $18.86 billion, a PE ratio of 6.53, a price-to-earnings-growth ratio of 0.65 and a beta of 1.79.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (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 firm had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the previous year, the business posted $1.25 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. Sell-side analysts anticipate that Aptiv PLC will post 6.28 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays reduced their price objective on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $74.00 target price on shares of Aptiv in a report on Tuesday, September 10th. Evercore ISI dropped their target price on Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 15th. UBS Group dropped their target price on Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, StockNews.com began coverage on Aptiv in a report on Saturday. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Aptiv currently 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.