Investment Management Corp of Ontario Acquires 3,000 Shares of Aptiv PLC (NYSE:APTV)

Investment Management Corp of Ontario grew its holdings in shares of Aptiv PLC (NYSE:APTV) by 49.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,082 shares of the auto parts company’s stock after acquiring an additional 3,000 shares during the period. Investment Management Corp of Ontario’s holdings in Aptiv were worth $654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of APTV. Wolff Wiese Magana LLC lifted its position in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares in the last quarter. Signaturefd LLC lifted its position in shares of Aptiv by 6.2% during the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock valued at $189,000 after buying an additional 156 shares in the last quarter. Mather Group LLC. lifted its position in shares of Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after buying an additional 176 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Aptiv by 16.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock valued at $88,000 after acquiring an additional 176 shares during the period. Finally, Crewe Advisors LLC increased its holdings in Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 215 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on APTV shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Royal Bank of Canada cut their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Oppenheimer lowered their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Barclays cut their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.29.

Aptiv Stock Performance

NYSE APTV opened at $56.67 on Friday. The business’s 50 day moving average price is $62.46 and its 200-day moving average price is $68.85. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $91.66. The company has a market cap of $13.32 billion, a P/E ratio of 6.32, a P/E/G ratio of 0.56 and a beta of 1.78. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion during 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%. The business’s revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the business earned $1.30 EPS. Sell-side analysts predict that Aptiv PLC will post 6.15 earnings per share for the current 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.