UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 5,002,090 Shares of Aptiv PLC (NYSE:APTV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Aptiv PLC (NYSE:APTV) by 1,390.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,361,795 shares of the auto parts company’s stock after acquiring an additional 5,002,090 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Aptiv were worth $386,103,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swedbank AB bought a new position in shares of Aptiv during the second quarter valued at about $25,018,000. Virtu Financial LLC purchased a new position in shares of Aptiv during the first quarter valued at about $605,000. Proactive Wealth Strategies LLC purchased a new position in shares of Aptiv during the third quarter valued at about $1,815,000. Parkside Investments LLC increased its position in shares of Aptiv by 64.4% during the second quarter. Parkside Investments LLC now owns 101,325 shares of the auto parts company’s stock valued at $7,135,000 after buying an additional 39,685 shares during the period. Finally, AMF Tjanstepension AB increased its position in shares of Aptiv by 21.4% during the second quarter. AMF Tjanstepension AB now owns 117,043 shares of the auto parts company’s stock valued at $8,242,000 after buying an additional 20,593 shares during the period. 94.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price target on the stock. Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $78.00 to $87.00 in a research report on Friday, September 20th. Oppenheimer reduced their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Nomura Securities upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Finally, TD Cowen cut their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus price target of $85.29.

Aptiv Trading Up 0.4 %

NYSE:APTV opened at $55.52 on Friday. The company’s 50 day moving average price is $63.97 and its 200-day moving average price is $69.76. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $91.66. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The stock has a market cap of $13.05 billion, a price-to-earnings ratio of 6.20, a PEG ratio of 0.58 and a beta of 1.81.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 earnings per share. On average, equities research analysts forecast that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

About Aptiv

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.