Worldquant Millennium Advisors LLC Grows Stock Position in Aptiv PLC (NYSE:APTV)

Worldquant Millennium Advisors LLC raised its holdings in Aptiv PLC (NYSE:APTV) by 44.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 139,040 shares of the auto parts company’s stock after buying an additional 42,463 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in Aptiv were worth $10,012,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Independence Bank of Kentucky purchased a new stake in Aptiv in the second quarter valued at about $25,000. Brown Brothers Harriman & Co. raised its stake in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares during the last quarter. Crewe Advisors LLC raised 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 during the last quarter. Wolff Wiese Magana LLC raised its stake in shares of 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 purchasing an additional 155 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Aptiv in the second quarter worth about $38,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on APTV shares. Robert W. Baird reduced their price objective on Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Royal Bank of Canada reduced their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. TD Cowen reduced their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Guggenheim reaffirmed a “buy” rating and set a $73.00 target price on shares of Aptiv in a report on Thursday. Two investment 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 a consensus rating of “Moderate Buy” and an average target price of $85.29.

Aptiv Stock Down 0.4 %

Shares of APTV opened at $56.67 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $91.66. The stock’s 50 day moving average is $62.11 and its two-hundred day moving average is $68.58. The firm has a market cap of $13.32 billion, a P/E ratio of 6.32, a PEG ratio of 0.57 and a beta of 1.78.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period last year, the company earned $1.30 earnings per share. Aptiv’s quarterly revenue was down 5.1% compared to the same quarter last year. Analysts predict that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

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.