Point72 Asia Singapore Pte. Ltd. Purchases Shares of 13,736 Aptiv PLC (NYSE:APTV)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Aptiv PLC (NYSE:APTV) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,736 shares of the auto parts company’s stock, valued at approximately $989,000.

Other hedge funds have also bought and sold shares of the company. Independence Bank of Kentucky purchased a new stake in shares of Aptiv in the 2nd quarter valued at $25,000. Crewe Advisors LLC boosted its holdings in shares of Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 215 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 155 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Aptiv in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Guggenheim dropped their price objective on shares of Aptiv from $87.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Robert W. Baird lowered their price target on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Barclays lowered their price target on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Finally, Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Two 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.29.

Aptiv Price Performance

Shares of NYSE APTV opened at $55.53 on Monday. The firm has a 50-day simple moving average of $63.69 and a 200-day simple moving average of $69.39. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 6.20, a price-to-earnings-growth ratio of 0.56 and a beta of 1.81. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $91.66.

Aptiv (NYSE:APTV) last issued its 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 business had revenue of $4.85 billion during 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 company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.30 earnings per share. On average, equities analysts predict 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.