Paloma Partners Management Co Purchases Shares of 85,100 Aptiv PLC (NYSE:APTV)

Paloma Partners Management Co acquired a new stake in Aptiv PLC (NYSE:APTV) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 85,100 shares of the auto parts company’s stock, valued at approximately $6,128,000.

Several other institutional investors have also recently made changes to their positions in APTV. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aptiv during the third quarter worth $989,000. Verition Fund Management LLC grew its position in shares of Aptiv by 433.3% during the third quarter. Verition Fund Management LLC now owns 34,544 shares of the auto parts company’s stock valued at $2,488,000 after purchasing an additional 28,067 shares in the last quarter. Hyperion Capital Advisors LP increased its holdings in shares of Aptiv by 19.2% in the third quarter. Hyperion Capital Advisors LP now owns 3,575 shares of the auto parts company’s stock worth $257,000 after purchasing an additional 575 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Aptiv by 1,390.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after buying an additional 5,002,090 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Aptiv by 73.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after buying an additional 47,215 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of NYSE:APTV opened at $55.53 on Monday. The firm’s 50 day simple moving average is $63.69 and its 200-day simple moving average is $69.39. 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 one year low of $51.47 and a one year high of $91.66. The firm has a market cap of $13.05 billion, a PE ratio of 6.20, a price-to-earnings-growth ratio of 0.56 and a beta of 1.81.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.30 EPS. As a group, equities analysts predict that Aptiv PLC will post 6.15 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. TD Cowen decreased their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Royal Bank of Canada decreased their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Oppenheimer decreased their target price on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Guggenheim dropped their price target on Aptiv from $87.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.