Aptiv PLC (NYSE:APTV) Shares Acquired by Centiva Capital LP

Centiva Capital LP lifted its stake in shares of Aptiv PLC (NYSE:APTV) by 40.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,804 shares of the auto parts company’s stock after buying an additional 11,836 shares during the quarter. Centiva Capital LP’s holdings in Aptiv were worth $2,938,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its holdings in Aptiv by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after purchasing an additional 1,764,844 shares in the last quarter. FMR LLC boosted its holdings in Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after purchasing an additional 1,294,670 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Aptiv by 1,390.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Finally, Mirova US LLC boosted its holdings in Aptiv by 1.8% in the second quarter. Mirova US LLC now owns 2,667,362 shares of the auto parts company’s stock valued at $187,836,000 after purchasing an additional 48,393 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on APTV. Nomura Securities raised Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Royal Bank of Canada reduced their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Bank of America reduced their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Robert W. Baird reduced their price objective on Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Fox Advisors cut Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.29.

Aptiv Trading Up 1.0 %

NYSE:APTV opened at $56.07 on Tuesday. The stock has a fifty day moving average price of $63.38 and a two-hundred day moving average price of $69.20. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 0.56 and a beta of 1.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $91.66.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) 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 analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 earnings per share. As a group, sell-side analysts anticipate that Aptiv PLC will post 6.15 earnings per share 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.