Aptiv PLC $APTV Shares Newly Bought by Private Management Group Inc.

Private Management Group Inc. acquired a new position in shares of Aptiv PLC (NYSE:APTV) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 680,948 shares of the auto parts company’s stock, valued at approximately $29,294,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in Aptiv by 3.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,029,539 shares of the auto parts company’s stock worth $210,371,000 after acquiring an additional 113,633 shares during the last quarter. Perpetual Ltd grew its holdings in shares of Aptiv by 9.0% during the third quarter. Perpetual Ltd now owns 2,602,895 shares of the auto parts company’s stock valued at $111,977,000 after purchasing an additional 213,977 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Aptiv by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,559,767 shares of the auto parts company’s stock valued at $177,695,000 after purchasing an additional 27,043 shares during the last quarter. First Trust Advisors LP raised its position in shares of Aptiv by 23.1% during 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 purchasing an additional 449,145 shares during the period. Finally, Amundi raised its position in shares of Aptiv by 10.2% during the 1st quarter. Amundi now owns 1,690,677 shares of the auto parts company’s stock worth $117,401,000 after purchasing an additional 156,956 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

APTV has been the topic of a number of research reports. Barclays dropped their target price on shares of Aptiv from $60.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, November 4th. Argus set a $64.00 price target on shares of Aptiv in a research report on Thursday, August 13th. Wells Fargo & Company decreased their price target on shares of Aptiv from $77.00 to $66.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. The Goldman Sachs Group dropped their price target on Aptiv from $61.00 to $54.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th. Finally, Citigroup cut their price objective on Aptiv from $77.00 to $68.00 and set a “buy” rating for the company in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and a consensus target price of $69.02.

Aptiv Stock Performance

Shares of APTV stock opened at $39.99 on Tuesday. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 6.53, a P/E/G ratio of 0.84 and a beta of 1.43. Aptiv PLC has a 1-year low of $39.40 and a 1-year high of $88.93. The company has a current ratio of 1.97, a quick ratio of 1.33 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $44.01 and its 200-day simple moving average is $58.77.

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

Aptiv Company 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.