MML Investors Services LLC lifted its position in Aptiv PLC (NYSE:APTV – Get Rating) by 20.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,798 shares of the auto parts company’s stock after acquiring an additional 3,640 shares during the quarter. MML Investors Services LLC’s holdings in Aptiv were worth $1,705,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. boosted its position in Aptiv by 176.0% in the second quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock valued at $25,000 after buying an additional 176 shares during the last quarter. Guardian Wealth Advisors LLC purchased a new position in Aptiv during the 3rd quarter valued at about $28,000. Neo Ivy Capital Management raised its position in shares of Aptiv by 80.2% during the 2nd quarter. Neo Ivy Capital Management now owns 728 shares of the auto parts company’s stock worth $64,000 after acquiring an additional 324 shares in the last quarter. Alta Advisers Ltd acquired a new position in shares of Aptiv in the third quarter valued at approximately $70,000. Finally, Private Trust Co. NA purchased a new stake in shares of Aptiv in the second quarter valued at approximately $73,000. 90.87% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently commented on APTV shares. Barclays assumed coverage on Aptiv in a research note on Tuesday, February 14th. They issued an “overweight” rating and a $150.00 target price for the company. Robert W. Baird raised their price objective on Aptiv from $135.00 to $141.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 15th. Morgan Stanley lowered Aptiv from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $120.00 to $105.00 in a report on Monday, November 28th. Royal Bank of Canada lifted their price objective on Aptiv from $126.00 to $128.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 15th. Finally, Cowen lifted their price objective on Aptiv from $134.00 to $144.00 and gave the company an “outperform” rating in a report on Wednesday, February 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $135.76.
Insider Activity
Aptiv Trading Down 0.0 %
Aptiv stock opened at $116.28 on Wednesday. Aptiv PLC has a 1 year low of $77.96 and a 1 year high of $129.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.60 and a quick ratio of 1.12. The firm’s 50 day moving average price is $106.44 and its 200-day moving average price is $99.05. The stock has a market cap of $31.51 billion, a P/E ratio of 59.63, a PEG ratio of 2.46 and a beta of 2.04.
Aptiv (NYSE:APTV – Get Rating) last released its earnings results on Thursday, February 2nd. The auto parts company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.08. Aptiv had a return on equity of 11.29% and a net margin of 3.40%. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the firm posted $0.56 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. On average, equities analysts predict that Aptiv PLC will post 4.27 earnings per share for the current fiscal year.
Aptiv Company Profile
Aptiv Plc is a technology and mobility architecture company, which engages in the business of designing and manufacturing vehicle components; providing electrical, electronic, and active safety technology solutions to the global automotive and commercial vehicle markets; and creating the software and hardware foundation for vehicle features and functionality.
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