Aptiv PLC (NYSE:APTV) Shares Bought by Prospector Partners LLC

Prospector Partners LLC lifted its holdings in shares of Aptiv PLC (NYSE:APTV) by 4.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 127,164 shares of the auto parts company’s stock after buying an additional 5,064 shares during the period. Prospector Partners LLC’s holdings in Aptiv were worth $9,157,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in APTV. Massachusetts Financial Services Co. MA lifted its holdings in Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after purchasing an additional 1,764,844 shares in the last quarter. FMR LLC increased its stake in shares of Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Aptiv by 13.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after purchasing an additional 905,431 shares during the last quarter. EdgePoint Investment Group Inc. purchased a new position in Aptiv in the 1st quarter valued at about $335,426,000. Finally, Mirova US LLC increased its stake in Aptiv by 1.8% during the 2nd quarter. Mirova US LLC now owns 2,667,362 shares of the auto parts company’s stock worth $187,836,000 after buying an additional 48,393 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Trading Up 5.0 %

Shares of APTV stock opened at $57.11 on Tuesday. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $91.66. The firm has a market cap of $13.42 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of 0.55 and a beta of 1.81. The company has a 50-day moving average of $64.86 and a two-hundred day moving average of $70.15. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

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, topping analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the company posted $1.30 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. On average, analysts predict that Aptiv PLC will post 6.15 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on APTV shares. Oppenheimer decreased their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada lowered their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Morgan Stanley decreased their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Finally, Barclays dropped their price objective on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.29.

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.