Patton Albertson Miller Group LLC Has $3.71 Million Position in Aptiv PLC (NYSE:APTV)

Patton Albertson Miller Group LLC increased its holdings in Aptiv PLC (NYSE:APTV) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 51,501 shares of the auto parts company’s stock after buying an additional 1,382 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Aptiv were worth $3,709,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its position in shares of Aptiv by 54.5% during the 1st quarter. Advisors Asset Management Inc. now owns 9,469 shares of the auto parts company’s stock worth $754,000 after purchasing an additional 3,342 shares in the last quarter. BOKF NA raised its stake in shares of Aptiv by 2,941.7% in the first quarter. BOKF NA now owns 730 shares of the auto parts company’s stock valued at $58,000 after acquiring an additional 706 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Aptiv by 8.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,750,233 shares of the auto parts company’s stock worth $139,407,000 after acquiring an additional 131,148 shares in the last quarter. Dynasty Wealth Management LLC bought a new stake in Aptiv during the 1st quarter worth approximately $359,000. Finally, B. Riley Wealth Advisors Inc. increased its holdings in Aptiv by 18.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,788 shares of the auto parts company’s stock valued at $222,000 after purchasing an additional 440 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Up 5.0 %

Shares of NYSE APTV opened at $57.11 on Tuesday. The firm has a 50 day moving average price of $64.86 and a 200 day moving average price of $70.15. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The stock has a market cap of $13.42 billion, a P/E ratio of 6.37, a P/E/G ratio of 0.55 and a beta of 1.81. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $91.66.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.30 EPS. Analysts expect that Aptiv PLC will post 6.15 EPS for the current year.

Analyst Ratings Changes

APTV has been the topic of several research analyst reports. Barclays decreased their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Robert W. Baird decreased their price objective on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. upped their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. 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. According to MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.29.

Aptiv 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.