Aptiv PLC (NYSE:APTV) Stake Boosted by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its position in shares of Aptiv PLC (NYSE:APTV) by 23.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 200,924 shares of the auto parts company’s stock after purchasing an additional 38,554 shares during the period. Exchange Traded Concepts LLC owned 0.09% of Aptiv worth $12,152,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Proactive Wealth Strategies LLC bought a new position in Aptiv during the 3rd quarter valued at $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Aptiv by 73.6% during the 3rd 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 shares of Aptiv in the 3rd quarter worth approximately $14,893,000. National Pension Service grew its stake in shares of Aptiv by 16.6% in the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after purchasing an additional 71,633 shares during the last quarter. Finally, Shorepath Capital Management LLC lifted its stake in Aptiv by 21.8% during 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 during the last quarter. Institutional investors own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on APTV. Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $53.00 to $65.00 in a research report on Thursday. Royal Bank of Canada reduced their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Fox Advisors cut Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Guggenheim reiterated a “buy” rating and issued a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.06.

Aptiv Trading Down 1.3 %

NYSE:APTV opened at $63.07 on Friday. The company has a market capitalization of $14.82 billion, a P/E ratio of 7.04, a P/E/G ratio of 0.56 and a beta of 1.75. The stock’s 50 day moving average price is $58.19 and its 200 day moving average price is $64.84. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $88.89.

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