2,949 Shares in Aptiv PLC (NYSE:APTV) Acquired by World Investment Advisors LLC

World Investment Advisors LLC acquired a new stake in Aptiv PLC (NYSE:APTV) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 2,949 shares of the auto parts company’s stock, valued at approximately $212,000.

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

Aptiv Price Performance

APTV opened at $57.01 on Friday. The company has a fifty day simple moving average of $59.84 and a 200 day simple moving average of $67.15. 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 $13.40 billion, a P/E ratio of 6.36, a P/E/G ratio of 0.59 and a beta of 1.78. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $91.66.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS 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 company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the firm posted $1.30 earnings per share. Aptiv’s revenue was down 5.1% compared to the same quarter last year. On average, research analysts expect that Aptiv PLC will post 6.15 EPS for the current year.

Wall Street Analyst Weigh In

APTV has been the topic of several research reports. Oppenheimer reduced their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Royal Bank of Canada decreased their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Wolfe Research started coverage on Aptiv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price objective for the company. Bank of America cut their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, StockNews.com assumed coverage on shares of Aptiv in a research report on Friday, December 13th. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.29.

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.