Aptiv PLC (NYSE:APTV) Shares Purchased by Assetmark Inc.

Assetmark Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 15.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,837 shares of the auto parts company’s stock after purchasing an additional 523 shares during the period. Assetmark Inc.’s holdings in Aptiv were worth $276,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Empowered Funds LLC raised its holdings in shares of Aptiv by 81.2% in the 1st quarter. Empowered Funds LLC now owns 5,334 shares of the auto parts company’s stock valued at $425,000 after purchasing an additional 2,390 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in Aptiv by 7.4% in the first quarter. Orion Portfolio Solutions LLC now owns 32,043 shares of the auto parts company’s stock valued at $2,552,000 after buying an additional 2,200 shares in the last quarter. M&G Plc acquired a new stake in Aptiv in the first quarter valued at $8,337,000. Edgestream Partners L.P. purchased a new stake in Aptiv during the 1st quarter worth about $252,000. Finally, Covestor Ltd boosted its position in shares of Aptiv by 150.6% during the 1st quarter. Covestor Ltd now owns 1,787 shares of the auto parts company’s stock worth $142,000 after acquiring an additional 1,074 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Down 2.0 %

APTV opened at $52.93 on Friday. Aptiv PLC has a 52 week low of $52.14 and a 52 week high of $91.66. The business has a 50 day moving average price of $66.50 and a two-hundred day moving average price of $71.34. 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 company has a market cap of $12.44 billion, a PE ratio of 5.91, a P/E/G ratio of 0.50 and a beta of 1.81.

Aptiv (NYSE:APTV) last issued its quarterly 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 firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period last year, the company earned $1.30 earnings per share. As a group, research analysts anticipate that Aptiv PLC will post 6.18 EPS for the current year.

Analyst Ratings Changes

APTV has been the topic of several research analyst reports. Robert W. Baird cut their target price on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Morgan Stanley cut their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday. TD Cowen lowered their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $78.00 to $87.00 in a research report on Friday, September 20th. Finally, Oppenheimer reduced their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Two 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $86.53.

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.