Aptiv PLC $APTV Shares Newly Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in Aptiv PLC (NYSE:APTV) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 23,768 shares of the auto parts company’s stock, valued at approximately $1,031,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in Aptiv in the second quarter worth approximately $61,065,000. Cooper Creek Partners Management LLC purchased a new stake in shares of Aptiv in the 1st quarter worth $48,166,000. First Trust Advisors LP lifted its holdings in shares of Aptiv by 23.1% in the 1st quarter. First Trust Advisors LP now owns 2,394,019 shares of the auto parts company’s stock worth $166,241,000 after buying an additional 449,145 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Aptiv during the 2nd quarter worth $27,364,000. Finally, Squarepoint Ops LLC grew its position in shares of Aptiv by 238.9% during the 2nd quarter. Squarepoint Ops LLC now owns 519,044 shares of the auto parts company’s stock worth $31,859,000 after buying an additional 365,893 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Down 3.4%

Shares of APTV stock opened at $39.48 on Friday. Aptiv PLC has a 1-year low of $39.40 and a 1-year high of $88.93. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 0.77 and a beta of 1.43. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.97 and a quick ratio of 1.33. The stock’s fifty day moving average price is $44.13 and its 200 day moving average price is $58.97.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Tuesday, November 3rd. The auto parts company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.33 by $0.09. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.17 billion. Aptiv had a net margin of 4.60% and a return on equity of 15.44%. Aptiv’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $2.17 EPS. On average, research analysts expect that Aptiv PLC will post 5.64 earnings per share for the current fiscal year.

Aptiv News Summary

Here are the key news stories impacting Aptiv this week:

• Positive Sentiment: Aptiv said it is accelerating its robotics expansion with industry partners, a potential opportunity to broaden growth beyond its core automotive business. Aptiv: Accelerates Robotics Expansion With Industry Partners
• Positive Sentiment: Citigroup lowered its price target to $68 from $77 but maintained a Buy rating; the new target implies 72.2% upside from the cited share price. This signals continued optimism, although the reduced target reflects a more cautious valuation. Citigroup stock recommendations
• Neutral Sentiment: Wall Street analysts are described as moderately optimistic despite Aptiv’s substantial underperformance versus the broader market over the past year. Are Wall Street Analysts Predicting Aptiv Stock Will Climb or Sink?
• Negative Sentiment: Several firms lowered their price targets, including Goldman Sachs, which cut its target to $54, and TD Cowen, which reduced its target to $72. Morgan Stanley and RBC also lowered targets, adding to the cautious tone around valuation. Goldman Sachs lowers Aptiv price target TD Cowen cuts Aptiv price target Morgan Stanley lowers Aptiv price target RBC lowers Aptiv price target

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on APTV shares. Argus set a $64.00 price target on Aptiv in a research note on Thursday, August 13th. Evercore reissued an “outperform” rating and set a $70.00 target price on shares of Aptiv in a research report on Monday, August 10th. Royal Bank Of Canada reduced their price target on shares of Aptiv from $77.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday. JPMorgan Chase & Co. downgraded shares of Aptiv from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $65.00 to $56.00 in a research note on Tuesday, September 15th. Finally, Barclays cut their price objective on shares of Aptiv from $60.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.02.

Aptiv Profile

Aptiv plc is a global automotive technology supplier that develops software, electrical systems and components for vehicle manufacturers. Its products and services support vehicle connectivity, safety, electrification and automation.

The company’s offerings include vehicle electrical architectures, wiring and connection systems, advanced driver-assistance technologies, and software and computing platforms. Aptiv serves automakers and other customers across multiple regions worldwide.

Aptiv took its current name in 2017, when Delphi Automotive separated its powertrain business, which became Delphi Technologies.