Mirae Asset Global Investments Co. Ltd. Boosts Stake in Aptiv PLC (NYSE:APTV)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Aptiv PLC (NYSE:APTV) by 11.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,421 shares of the auto parts company’s stock after buying an additional 3,709 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Aptiv were worth $2,630,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of APTV. Independence Bank of Kentucky bought a new stake in Aptiv during the second quarter worth $25,000. Crewe Advisors LLC increased its position in shares of 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. Clearstead Trust LLC raised its stake in shares of Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 305 shares during the period. Wolff Wiese Magana LLC boosted its holdings in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in Aptiv during the second quarter valued at about $38,000. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Down 0.2 %

Shares of NYSE:APTV opened at $69.03 on Thursday. The firm has a fifty day moving average price of $70.16 and a two-hundred day moving average price of $72.63. The company has a market cap of $18.78 billion, a price-to-earnings ratio of 6.51, 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 $91.66.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.16. The company had revenue of $5.05 billion during 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 firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $1.25 earnings per share. Analysts anticipate that Aptiv PLC will post 6.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on APTV. Evercore ISI lowered their price objective on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 15th. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $78.00 to $87.00 in a report on Friday, September 20th. The Goldman Sachs Group reduced their price objective on Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. StockNews.com started coverage on Aptiv in a research note on Saturday, October 26th. They issued a “hold” rating on the stock. Finally, Citigroup cut 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 issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus price target 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.