Shayne & Jacobs LLC Raises Holdings in Aptiv PLC (NYSE:APTV)

Shayne & Jacobs LLC increased its stake in shares of Aptiv PLC (NYSE:APTV) by 34.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 14,020 shares of the auto parts company’s stock after purchasing an additional 3,570 shares during the period. Shayne & Jacobs LLC’s holdings in Aptiv were worth $1,010,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in APTV. Fifth Third Wealth Advisors LLC purchased a new stake in Aptiv during the 1st quarter worth about $219,000. Founders Financial Securities LLC lifted its holdings in Aptiv by 7.2% during the 1st quarter. Founders Financial Securities LLC now owns 3,766 shares of the auto parts company’s stock worth $300,000 after purchasing an additional 254 shares in the last quarter. River Street Advisors LLC lifted its holdings in Aptiv by 21.1% during the 1st quarter. River Street Advisors LLC now owns 3,481 shares of the auto parts company’s stock worth $277,000 after purchasing an additional 606 shares in the last quarter. Oak Thistle LLC bought a new position in Aptiv in the 1st quarter worth about $542,000. Finally, Cullinan Associates Inc. bought a new position in Aptiv in the 1st quarter worth about $454,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

APTV opened at $69.31 on Friday. The stock’s 50 day simple moving average is $70.21 and its 200 day simple moving average is $72.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09. Aptiv PLC has a 1 year low of $63.62 and a 1 year high of $91.66. The firm has a market cap of $18.86 billion, a price-to-earnings ratio of 6.53, a PEG ratio of 0.65 and a beta of 1.79.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The business had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same period last year, the company earned $1.25 EPS. Aptiv’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, analysts predict that Aptiv PLC will post 6.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

APTV has been the topic of a number of research analyst reports. Robert W. Baird decreased their target price on Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. UBS Group decreased their target price on Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Wolfe Research initiated coverage on Aptiv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $89.00 target price on the stock. Wells Fargo & Company upgraded Aptiv from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $78.00 to $87.00 in a research note on Friday, September 20th. Finally, Nomura Securities upgraded Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $95.50.

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.