Cim Investment Management Inc. Boosts Stock Position in Aptiv PLC (NYSE:APTV)

Cim Investment Management Inc. lifted its holdings in Aptiv PLC (NYSE:APTV) by 89.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,283 shares of the auto parts company’s stock after purchasing an additional 3,437 shares during the quarter. Cim Investment Management Inc.’s holdings in Aptiv were worth $1,146,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Alliancebernstein L.P. grew its holdings in shares of Aptiv by 5.2% in the second quarter. Alliancebernstein L.P. now owns 8,112,261 shares of the auto parts company’s stock valued at $1,276,302,000 after purchasing an additional 400,247 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Aptiv by 2.3% during the second quarter. Clearbridge Investments LLC now owns 6,037,483 shares of the auto parts company’s stock worth $949,877,000 after buying an additional 133,139 shares during the period. Geode Capital Management LLC boosted its stake in Aptiv by 2.7% during the second quarter. Geode Capital Management LLC now owns 4,650,600 shares of the auto parts company’s stock worth $729,591,000 after buying an additional 124,338 shares during the period. Janus Henderson Group PLC boosted its stake in Aptiv by 30.4% during the first quarter. Janus Henderson Group PLC now owns 3,892,759 shares of the auto parts company’s stock worth $537,092,000 after buying an additional 908,205 shares during the period. Finally, Impax Asset Management Group plc boosted its stake in Aptiv by 12.9% during the second quarter. Impax Asset Management Group plc now owns 3,296,684 shares of the auto parts company’s stock worth $518,667,000 after buying an additional 377,830 shares during the period. 89.34% of the stock is owned by hedge funds and other institutional investors.

Several research firms have commented on APTV. Wells Fargo & Company dropped their price objective on shares of Aptiv from $124.00 to $112.00 and set an “underweight” rating for the company in a research note on Tuesday, October 5th. Oppenheimer boosted their target price on shares of Aptiv from $171.00 to $179.00 and gave the company an “outperform” rating in a research note on Friday, August 6th. Piper Sandler lowered their target price on shares of Aptiv from $182.00 to $177.00 and set an “overweight” rating for the company in a research note on Tuesday. The Goldman Sachs Group lowered their target price on shares of Aptiv from $176.00 to $174.00 and set a “buy” rating for the company in a research note on Sunday, September 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Aptiv from $169.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, August 6th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $163.65.

Aptiv stock traded up $1.92 during trading hours on Thursday, reaching $166.80. The stock had a trading volume of 14,319 shares, compared to its average volume of 1,640,912. The company has a market cap of $45.12 billion, a price-to-earnings ratio of 45.64, a PEG ratio of 4.20 and a beta of 2.06. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.60. The business’s 50 day moving average price is $155.23 and its 200-day moving average price is $151.39. Aptiv PLC has a 52 week low of $92.56 and a 52 week high of $170.47.

Aptiv (NYSE:APTV) last announced its earnings results on Wednesday, August 4th. The auto parts company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.07). The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.59 billion. Aptiv had a return on equity of 13.68% and a net margin of 6.72%. The business’s revenue for the quarter was up 94.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.10) earnings per share. On average, sell-side analysts forecast that Aptiv PLC will post 3.55 EPS for the current fiscal year.

Aptiv Profile

Aptiv Plc engages in the design, development, and manufacture of vehicle components. The firm also provides electrical, electronic, and safety technology solutions to the global automotive and commercial vehicle markets. It operates through the following business segments: Signal and Power Solutions, Advanced Safety and User Experience, and Eliminations and Other.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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