Townsquare Capital LLC Takes Position in Aptiv PLC $APTV

Townsquare Capital LLC bought a new position in shares of Aptiv PLC (NYSE:APTV) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,736 shares of the auto parts company’s stock, valued at approximately $1,012,000.

A number of other large investors also recently added to or reduced their stakes in APTV. State Street Corp grew its holdings in Aptiv by 1.2% during the 2nd quarter. State Street Corp now owns 9,754,226 shares of the auto parts company’s stock valued at $665,433,000 after buying an additional 111,506 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Aptiv by 9.0% in the second quarter. Alliancebernstein L.P. now owns 3,831,441 shares of the auto parts company’s stock worth $261,381,000 after buying an additional 315,824 shares in the last quarter. Invesco Ltd. boosted its position in shares of Aptiv by 7.1% during the second quarter. Invesco Ltd. now owns 3,618,847 shares of the auto parts company’s stock worth $246,878,000 after acquiring an additional 238,880 shares during the last quarter. Franklin Resources Inc. grew its stake in Aptiv by 6.6% during the second quarter. Franklin Resources Inc. now owns 3,579,344 shares of the auto parts company’s stock valued at $244,183,000 after acquiring an additional 221,449 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Aptiv by 14,336.5% in the 3rd quarter. Nordea Investment Management AB now owns 3,411,780 shares of the auto parts company’s stock valued at $291,127,000 after acquiring an additional 3,388,147 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $85.00, for a total value of $425,000.00. Following the completion of the sale, the executive vice president owned 116,959 shares of the company’s stock, valued at $9,941,515. This trade represents a 4.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is currently owned by insiders.

Aptiv Stock Down 4.0%

NYSE APTV opened at $75.68 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.79 and a debt-to-equity ratio of 0.80. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $88.93. The firm has a market capitalization of $16.35 billion, a price-to-earnings ratio of 60.06, a PEG ratio of 0.96 and a beta of 1.50. The company has a fifty day moving average of $78.61 and a two-hundred day moving average of $78.68.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 30th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.36. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.05 billion. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $1.83 EPS. On average, analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on APTV shares. US Capital Advisors set a $110.00 price objective on shares of Aptiv in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft increased their price target on Aptiv from $104.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Evercore ISI lifted their price objective on Aptiv from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 24th. TD Cowen reaffirmed a “buy” rating on shares of Aptiv in a report on Friday, October 31st. Finally, UBS Group raised their target price on shares of Aptiv from $94.00 to $99.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.48.

Aptiv Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.