Rock Point Advisors LLC Grows Position in Aptiv PLC (NYSE:APTV)

Rock Point Advisors LLC boosted its position in shares of Aptiv PLC (NYSE:APTV) by 11.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,658 shares of the auto parts company’s stock after acquiring an additional 15,268 shares during the period. Aptiv accounts for 2.9% of Rock Point Advisors LLC’s holdings, making the stock its 10th biggest position. Rock Point Advisors LLC owned 0.06% of Aptiv worth $10,633,000 at the end of the most recent quarter.

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

Aptiv Stock Performance

NYSE:APTV traded down $2.07 during mid-day trading on Tuesday, reaching $55.06. 401,685 shares of the stock were exchanged, compared to its average volume of 3,140,869. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $91.66. The company has a 50 day simple moving average of $64.86 and a 200-day simple moving average of $70.15. The stock has a market capitalization of $12.94 billion, a P/E ratio of 6.37, a P/E/G ratio of 0.55 and a beta of 1.81.

Aptiv (NYSE:APTV) last posted 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. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the business posted $1.30 earnings per share. Aptiv’s quarterly revenue was down 5.1% on a year-over-year basis. Analysts anticipate that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on APTV shares. Guggenheim lowered their price target on shares of Aptiv from $87.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Robert W. Baird reduced 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. Bank of America decreased their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Barclays lowered 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. Finally, Wells Fargo & Company raised Aptiv from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $78.00 to $87.00 in a research note on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock 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.