OLD Second National Bank of Aurora Has $1.47 Million Holdings in Aptiv PLC (NYSE:APTV)

OLD Second National Bank of Aurora boosted its stake in Aptiv PLC (NYSE:APTV) by 13.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,308 shares of the auto parts company’s stock after purchasing an additional 2,893 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Aptiv were worth $1,470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proactive Wealth Strategies LLC acquired a new position in Aptiv in the third quarter valued at about $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Aptiv by 73.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after purchasing an additional 47,215 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Aptiv in the third quarter valued at about $14,893,000. Shorepath Capital Management LLC raised its stake in Aptiv by 21.8% in the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after purchasing an additional 11,835 shares in the last quarter. Finally, National Pension Service raised its stake in Aptiv by 16.6% in the third quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock valued at $36,214,000 after purchasing an additional 71,633 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on APTV. Piper Sandler raised Aptiv from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $53.00 to $65.00 in a research note on Thursday, January 23rd. Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday. Oppenheimer lowered their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Royal Bank of Canada lowered their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Bank of America lowered their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.47.

Aptiv Stock Performance

Shares of APTV stock opened at $62.72 on Thursday. The business’s 50 day simple moving average is $59.04 and its 200 day simple moving average is $64.61. Aptiv PLC has a one year low of $51.47 and a one year high of $88.89. The stock has a market capitalization of $14.74 billion, a PE ratio of 7.00, a PEG ratio of 0.56 and a beta of 1.75. 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 announced its earnings results 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 business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. As a group, research analysts forecast that Aptiv PLC will post 6.15 earnings per share for the current year.

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.