RWC Asset Management LLP Invests $2.20 Million in Aptiv PLC (NYSE:APTV)

RWC Asset Management LLP purchased a new position in shares of Aptiv PLC (NYSE:APTV) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 36,441 shares of the auto parts company’s stock, valued at approximately $2,204,000.

Several other hedge funds and other institutional investors have also modified their holdings of APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Aptiv by 1,390.6% during 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 worth $386,103,000 after buying an additional 5,002,090 shares during the period. Harris Associates L P purchased a new position in shares of Aptiv during the third quarter worth $162,640,000. Point72 Asset Management L.P. purchased a new position in shares of Aptiv during the third quarter worth $143,909,000. FMR LLC boosted its position in shares of Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after buying an additional 1,294,670 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after buying an additional 1,090,766 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Stock Down 1.4 %

APTV opened at $66.65 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv PLC has a one year low of $51.47 and a one year high of $85.56. The business’s 50-day simple moving average is $62.02 and its 200-day simple moving average is $63.94. The stock has a market capitalization of $15.29 billion, a P/E ratio of 9.69, a price-to-earnings-growth ratio of 0.63 and a beta of 1.74.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays increased their price objective on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. StockNews.com assumed coverage on Aptiv in a research note on Sunday. They issued a “hold” rating on the stock. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Evercore ISI reduced their price objective on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Finally, HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and increased their price objective for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.61.

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.