Olstein Capital Management L.P. Acquires 27,000 Shares of Aptiv PLC (NYSE:APTV)

Olstein Capital Management L.P. boosted its holdings in Aptiv PLC (NYSE:APTV) by 32.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,000 shares of the auto parts company’s stock after buying an additional 27,000 shares during the period. Olstein Capital Management L.P.’s holdings in Aptiv were worth $7,849,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Capital World Investors acquired a new stake in Aptiv during the first quarter worth about $343,760,000. EdgePoint Investment Group Inc. bought a new stake in shares of Aptiv in the 1st quarter worth approximately $335,426,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Aptiv by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after purchasing an additional 1,764,844 shares in the last quarter. Ariel Investments LLC bought a new stake in shares of Aptiv during the first quarter valued at approximately $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Aptiv by 13.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after purchasing an additional 905,431 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Citigroup decreased their price target on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Royal Bank of Canada decreased their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Morgan Stanley dropped their price target on shares of Aptiv from $70.00 to $68.00 and set an “underweight” rating for the company in a research report on Wednesday, September 25th. 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. Finally, Bank of America dropped their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a report on Monday, October 14th. Two investment 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 data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Aptiv Price Performance

APTV traded up $2.20 during midday trading on Thursday, hitting $56.03. The company had a trading volume of 411,548 shares, compared to its average volume of 3,069,018. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The firm’s 50-day simple moving average is $68.62 and its 200-day simple moving average is $72.11. Aptiv PLC has a twelve month low of $52.81 and a twelve month high of $91.66. The company has a market capitalization of $13.17 billion, a PE ratio of 6.01, a P/E/G ratio of 0.52 and a beta of 1.81.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.30 EPS. Equities research analysts predict that Aptiv PLC will post 6.19 EPS for the current fiscal year.

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.