CIBC Asset Management Inc Raises Stock Holdings in Aptiv PLC (NYSE:APTV)

CIBC Asset Management Inc lifted its holdings in shares of Aptiv PLC (NYSE:APTV) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,964 shares of the auto parts company’s stock after acquiring an additional 2,399 shares during the period. CIBC Asset Management Inc’s holdings in Aptiv were worth $2,302,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of APTV. Independence Bank of Kentucky purchased a new position in Aptiv during the 2nd quarter worth $25,000. Crewe Advisors LLC increased its position in Aptiv by 94.7% in the 2nd 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 period. Wolff Wiese Magana LLC raised its stake in Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 155 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Aptiv during the 2nd quarter worth approximately $38,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Aptiv in the 3rd quarter valued at approximately $43,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APTV has been the subject of several analyst reports. Nomura Securities upgraded Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Barclays cut their price objective on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Bank of America lowered their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. TD Cowen dropped their price target on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Oppenheimer reduced their price objective 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 equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.53.

Aptiv Stock Down 1.1 %

Shares of NYSE APTV opened at $52.14 on Wednesday. The firm’s 50-day moving average is $65.91 and its two-hundred day moving average is $70.97. The company has a market capitalization of $12.25 billion, a PE ratio of 5.82, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $91.66. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

Aptiv (NYSE:APTV) last posted 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 firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Aptiv’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.30 EPS. Equities analysts anticipate that Aptiv PLC will post 6.18 EPS for the current fiscal year.

Aptiv Company 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.