37,130 Shares in Aptiv PLC (NYSE:APTV) Acquired by Atom Investors LP

Atom Investors LP bought a new position in Aptiv PLC (NYSE:APTV) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 37,130 shares of the auto parts company’s stock, valued at approximately $2,674,000.

A number of other institutional investors have also modified their holdings of the stock. Independence Bank of Kentucky purchased a new stake in shares of Aptiv during the second quarter valued at about $25,000. Crewe Advisors LLC lifted its position in Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 215 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Aptiv during the second quarter worth $38,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on APTV shares. Oppenheimer dropped their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. TD Cowen cut their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Barclays lowered their target price on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Finally, Morgan Stanley cut their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus price target of $85.29.

Aptiv Stock Performance

Shares of APTV stock opened at $56.07 on Tuesday. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $91.66. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The stock has a market cap of $13.18 billion, a PE ratio of 6.26, a price-to-earnings-growth ratio of 0.56 and a beta of 1.81. The business has a 50-day simple moving average of $63.38 and a 200-day simple moving average of $69.20.

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

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.