Point72 Asset Management L.P. Invests $143.91 Million in Aptiv PLC (NYSE:APTV)

Point72 Asset Management L.P. bought a new position in shares of Aptiv PLC (NYSE:APTV) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,998,454 shares of the auto parts company’s stock, valued at approximately $143,909,000. Point72 Asset Management L.P. owned 0.85% of Aptiv as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Parallax Volatility Advisers L.P. raised its position in Aptiv by 50.6% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 27,283 shares of the auto parts company’s stock valued at $1,965,000 after purchasing an additional 9,168 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Aptiv in the third quarter worth approximately $234,000. Investment Management Corp of Ontario grew its holdings in Aptiv by 49.3% during the 3rd quarter. Investment Management Corp of Ontario now owns 9,082 shares of the auto parts company’s stock worth $654,000 after acquiring an additional 3,000 shares in the last quarter. Harris Associates L P purchased a new stake in shares of Aptiv in the 3rd quarter valued at approximately $162,640,000. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Aptiv by 18.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock valued at $179,189,000 after purchasing an additional 388,045 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Down 0.6 %

Aptiv stock opened at $55.71 on Wednesday. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 6.22, a PEG ratio of 0.57 and a beta of 1.78. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The stock has a 50 day moving average of $63.05 and a two-hundred day moving average of $69.02. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $91.66.

Aptiv (NYSE:APTV) last posted its quarterly earnings data 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. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Aptiv’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period last year, the firm posted $1.30 EPS. As a group, research analysts expect that Aptiv PLC will post 6.15 earnings per share for the current year.

Analysts Set New Price Targets

APTV has been the subject of a number of analyst reports. StockNews.com started coverage on shares of Aptiv in a research note on Wednesday, November 27th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft cut their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Guggenheim cut 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. Finally, Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $78.00 to $87.00 in a report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $85.29.

Aptiv Company 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.