Brown Brothers Harriman & Co. Buys 409 Shares of Aptiv PLC (NYSE:APTV)

Brown Brothers Harriman & Co. increased its position in shares of Aptiv PLC (NYSE:APTV) by 1,410.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 438 shares of the auto parts company’s stock after acquiring an additional 409 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Aptiv were worth $32,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Independence Bank of Kentucky acquired a new stake in Aptiv in the second quarter worth $25,000. Crewe Advisors LLC increased its position in shares of Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after buying an additional 215 shares in the last quarter. Wolff Wiese Magana LLC raised its stake in Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the period. Cullen Frost Bankers Inc. bought a new position in Aptiv during the second quarter worth about $38,000. Finally, Capital Performance Advisors LLP bought a new position in Aptiv during the third quarter worth about $43,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on APTV shares. Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Barclays cut their price target on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. StockNews.com began coverage on shares of Aptiv in a research report on Wednesday. They set a “hold” rating for the company. Robert W. Baird cut their price objective on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Oppenheimer lowered their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, November 1st. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.29.

Aptiv Stock Up 0.4 %

NYSE:APTV opened at $55.52 on Friday. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $91.66. The firm has a market capitalization of $13.05 billion, a price-to-earnings ratio of 6.20, a price-to-earnings-growth ratio of 0.58 and a beta of 1.81. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The stock’s 50 day moving average price is $63.97 and its two-hundred day moving average price is $69.76.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating the consensus estimate 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 revenue was down 5.1% on a year-over-year basis. During the same period last year, the business earned $1.30 earnings per share. Equities research analysts expect 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.