M&T Bank Corp lifted its holdings in shares of Aptiv PLC (NYSE:APTV) by 8.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,667 shares of the auto parts company’s stock after purchasing an additional 6,823 shares during the period. M&T Bank Corp’s holdings in Aptiv were worth $6,831,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in APTV. Clearbridge Investments LLC raised its stake in shares of Aptiv by 433.4% during the 1st quarter. Clearbridge Investments LLC now owns 4,694,144 shares of the auto parts company’s stock worth $231,140,000 after purchasing an additional 3,814,034 shares during the period. BlackRock Inc. raised its stake in shares of Aptiv by 9.2% during the 1st quarter. BlackRock Inc. now owns 18,123,995 shares of the auto parts company’s stock worth $892,425,000 after purchasing an additional 1,528,680 shares during the period. Sound Shore Management Inc. CT bought a new stake in Aptiv in the 1st quarter valued at about $42,946,000. Alliancebernstein L.P. raised its stake in Aptiv by 10.9% in the 1st quarter. Alliancebernstein L.P. now owns 6,620,253 shares of the auto parts company’s stock valued at $325,981,000 after acquiring an additional 648,087 shares during the period. Finally, Royal Bank of Canada raised its stake in Aptiv by 212.8% in the 1st quarter. Royal Bank of Canada now owns 792,499 shares of the auto parts company’s stock valued at $39,023,000 after acquiring an additional 539,111 shares during the period. Institutional investors own 90.10% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on Aptiv from $78.00 to $96.00 in a research note on Thursday, June 11th. Piper Sandler lowered their price objective on Aptiv from $108.00 to $88.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Jefferies Financial Group boosted their price objective on Aptiv from $73.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Goldman Sachs Group assumed coverage on Aptiv in a research note on Tuesday, April 14th. They issued a “buy” rating and a $70.00 price objective on the stock. Finally, Cowen boosted their price objective on Aptiv from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $88.23.
Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, July 30th. The auto parts company reported ($1.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.43) by $0.33. Aptiv had a return on equity of 10.10% and a net margin of 13.63%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.97 billion. On average, analysts predict that Aptiv PLC will post 1.02 earnings per share for the current year.
Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.
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