6,320 Shares in Aptiv PLC (NYSE:APTV) Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd acquired a new position in shares of Aptiv PLC (NYSE:APTV) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 6,320 shares of the auto parts company’s stock, valued at approximately $455,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wolff Wiese Magana LLC increased its position in Aptiv by 44.3% in the third 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. Signaturefd LLC increased its holdings in Aptiv by 6.2% in the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after acquiring an additional 156 shares in the last quarter. Mather Group LLC. raised its stake in Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after acquiring an additional 176 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Aptiv by 16.8% in the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after purchasing an additional 176 shares during the period. Finally, Crewe Advisors LLC increased its stake in shares of Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Aptiv stock opened at $54.04 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The company has a market capitalization of $12.70 billion, a PE ratio of 6.03, a P/E/G ratio of 0.50 and a beta of 1.81. The company has a 50 day moving average price of $67.15 and a 200-day moving average price of $71.60. Aptiv PLC has a fifty-two week low of $52.81 and a fifty-two week high of $91.66.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the company posted $1.30 EPS. Aptiv’s revenue was down 5.1% on a year-over-year basis. As a group, equities analysts forecast that Aptiv PLC will post 6.18 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on APTV. Wolfe Research assumed coverage on shares of Aptiv in a report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 target price for the company. JPMorgan Chase & Co. increased their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Royal Bank of Canada lowered their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $78.00 to $87.00 in a report on Friday, September 20th. Finally, Deutsche Bank Aktiengesellschaft lowered 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 analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and an average target price of $86.53.

Aptiv 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.