Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Aptiv PLC (NYSE:APTV – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,022 shares of the auto parts company’s stock, valued at approximately $2,324,000.
A number of other large investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in Aptiv by 3.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,029,539 shares of the auto parts company’s stock valued at $210,371,000 after acquiring an additional 113,633 shares during the period. Perpetual Ltd raised its position in shares of Aptiv by 9.0% during the 3rd quarter. Perpetual Ltd now owns 2,602,895 shares of the auto parts company’s stock worth $111,977,000 after purchasing an additional 213,977 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Aptiv by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,559,767 shares of the auto parts company’s stock worth $177,695,000 after purchasing an additional 27,043 shares during the period. First Trust Advisors LP grew its stake in Aptiv by 23.1% during the 1st quarter. First Trust Advisors LP now owns 2,394,019 shares of the auto parts company’s stock worth $166,241,000 after buying an additional 449,145 shares during the last quarter. Finally, Amundi increased its position in Aptiv by 10.2% in the first quarter. Amundi now owns 1,690,677 shares of the auto parts company’s stock worth $117,401,000 after buying an additional 156,956 shares during the period. Institutional investors own 94.21% of the company’s stock.
Aptiv Stock Performance
Shares of NYSE APTV opened at $39.48 on Friday. Aptiv PLC has a 1 year low of $39.40 and a 1 year high of $88.93. The firm has a market cap of $7.99 billion, a P/E ratio of 10.88, a PEG ratio of 0.77 and a beta of 1.43. The stock has a fifty day moving average price of $44.13 and a two-hundred day moving average price of $58.97. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.33 and a current ratio of 1.97.
Aptiv (NYSE:APTV – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The auto parts company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.17 billion. Aptiv had a return on equity of 15.44% and a net margin of 4.60%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.17 EPS. Research analysts forecast that Aptiv PLC will post 5.64 EPS for the current fiscal year.
More Aptiv News
Here are the key news stories impacting Aptiv this week:
- Positive Sentiment: Aptiv said it is accelerating its robotics expansion with industry partners, a potential opportunity to broaden growth beyond its core automotive business. Aptiv: Accelerates Robotics Expansion With Industry Partners
- Positive Sentiment: Citigroup lowered its price target to $68 from $77 but maintained a Buy rating; the new target implies 72.2% upside from the cited share price. This signals continued optimism, although the reduced target reflects a more cautious valuation. Citigroup stock recommendations
- Neutral Sentiment: Wall Street analysts are described as moderately optimistic despite Aptiv’s substantial underperformance versus the broader market over the past year. Are Wall Street Analysts Predicting Aptiv Stock Will Climb or Sink?
- Negative Sentiment: Several firms lowered their price targets, including Goldman Sachs, which cut its target to $54, and TD Cowen, which reduced its target to $72. Morgan Stanley and RBC also lowered targets, adding to the cautious tone around valuation. Goldman Sachs lowers Aptiv price target TD Cowen cuts Aptiv price target Morgan Stanley lowers Aptiv price target RBC lowers Aptiv price target
Analysts Set New Price Targets
APTV has been the topic of a number of recent research reports. Barclays cut their target price on Aptiv from $60.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday. Morgan Stanley lowered their price target on shares of Aptiv from $55.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday. Wells Fargo & Company dropped their price objective on shares of Aptiv from $77.00 to $66.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Fox Advisors cut Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada dropped their price target on shares of Aptiv from $77.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.02.
Check Out Our Latest Report on Aptiv
Aptiv Profile
Aptiv plc is a global automotive technology supplier that develops software, electrical systems and components for vehicle manufacturers. Its products and services support vehicle connectivity, safety, electrification and automation.
The company’s offerings include vehicle electrical architectures, wiring and connection systems, advanced driver-assistance technologies, and software and computing platforms. Aptiv serves automakers and other customers across multiple regions worldwide.
Aptiv took its current name in 2017, when Delphi Automotive separated its powertrain business, which became Delphi Technologies.
Further Reading
- Five stocks we like better than Aptiv
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Want to see what other hedge funds are holding APTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aptiv PLC (NYSE:APTV – Free Report).
Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter.
