Mizuho Securities USA LLC Acquires 771,608 Shares of Aptiv PLC (NYSE:APTV)

Mizuho Securities USA LLC grew its stake in Aptiv PLC (NYSE:APTV) by 3,679.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 792,581 shares of the auto parts company’s stock after purchasing an additional 771,608 shares during the period. Mizuho Securities USA LLC owned about 0.30% of Aptiv worth $57,074,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew its stake in shares of Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after buying an additional 1,764,844 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Aptiv by 13.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after acquiring an additional 905,431 shares during the last quarter. Capital World Investors bought a new position in Aptiv in the first quarter valued at about $343,760,000. Clearbridge Investments LLC raised its position in Aptiv by 3.1% in the first quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock valued at $343,728,000 after purchasing an additional 131,431 shares during the last quarter. Finally, EdgePoint Investment Group Inc. acquired a new stake in shares of Aptiv during the first quarter valued at about $335,426,000. 94.21% of the stock is owned by institutional investors.

Aptiv Trading Down 2.0 %

APTV opened at $52.93 on Friday. The company has a fifty day moving average price of $66.50 and a two-hundred day moving average price of $71.34. Aptiv PLC has a 1-year low of $52.14 and a 1-year high of $91.66. The company has a market cap of $12.44 billion, a P/E ratio of 5.91, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the business earned $1.30 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts predict that Aptiv PLC will post 6.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APTV. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a report on Friday, November 1st. Wolfe Research assumed coverage on shares of Aptiv in a research note on Thursday, September 5th. They set an “outperform” rating and a $89.00 price target for the company. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Robert W. Baird lowered their target price on Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.53.

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.