Charles Schwab Investment Management Inc. Acquires 8,877 Shares of Aptiv PLC (NYSE:APTV)

Charles Schwab Investment Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,520,372 shares of the auto parts company’s stock after acquiring an additional 8,877 shares during the period. Charles Schwab Investment Management Inc. owned about 0.70% of Aptiv worth $90,462,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its position in Aptiv by 242.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company’s stock worth $509,366,000 after purchasing an additional 6,062,438 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Aptiv by 20.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,541,024 shares of the auto parts company’s stock worth $153,674,000 after purchasing an additional 433,857 shares during the last quarter. Northern Trust Corp raised its position in Aptiv by 6.1% in the 4th quarter. Northern Trust Corp now owns 2,427,968 shares of the auto parts company’s stock worth $146,844,000 after purchasing an additional 139,843 shares during the last quarter. AustralianSuper Pty Ltd bought a new position in Aptiv in the 1st quarter worth approximately $117,260,000. Finally, Pacer Advisors Inc. raised its position in Aptiv by 5,379.7% in the 1st quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company’s stock worth $113,489,000 after purchasing an additional 1,872,571 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of NYSE:APTV opened at $71.52 on Wednesday. The company’s 50 day moving average price is $68.73 and its two-hundred day moving average price is $64.07. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $75.41. The firm has a market cap of $15.58 billion, a PE ratio of 16.37, a PEG ratio of 0.75 and a beta of 1.48. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.58 EPS. Equities research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on APTV. JPMorgan Chase & Co. boosted their price objective on shares of Aptiv from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Bank of America lifted their target price on shares of Aptiv from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, June 16th. Morgan Stanley lifted their target price on shares of Aptiv from $55.00 to $60.00 and gave the stock an “underweight” rating in a report on Tuesday. Royal Bank Of Canada lifted their target price on shares of Aptiv from $85.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Finally, Robert W. Baird set a $82.00 target price on shares of Aptiv and gave the stock an “outperform” rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $81.81.

Aptiv 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.