Bridgewater Associates LP bought a new position in Aptiv PLC (NYSE:APTV – Free Report) in the third quarter, HoldingsChannel.com reports. The firm bought 14,933 shares of the auto parts company’s stock, valued at approximately $1,075,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APTV. Independence Bank of Kentucky bought a new stake in Aptiv during the 2nd quarter worth about $25,000. Crewe Advisors LLC lifted its position in Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after buying an additional 215 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in Aptiv by 44.3% during 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 in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in Aptiv during the 2nd quarter worth about $38,000. 94.21% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have commented on APTV. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Bank of America dropped their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Wolfe Research initiated coverage on shares of Aptiv in a report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 target price on the stock. Guggenheim dropped their target price on shares of Aptiv from $87.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.29.
Aptiv Stock Performance
Shares of NYSE:APTV opened at $55.53 on Monday. The company’s 50 day moving average price is $63.69 and its two-hundred day moving average price is $69.39. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $91.66. The firm has a market cap of $13.05 billion, a PE ratio of 6.20, a PEG ratio of 0.56 and a beta of 1.81. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.
Aptiv (NYSE:APTV – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.30 EPS. Equities research analysts predict that Aptiv PLC will post 6.15 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.
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