Tokio Marine Asset Management Co. Ltd. Increases Position in Aptiv PLC (NYSE:APTV)

Tokio Marine Asset Management Co. Ltd. raised its position in shares of Aptiv PLC (NYSE:APTV) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,119 shares of the auto parts company’s stock after buying an additional 310 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Aptiv were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of APTV. Empowered Funds LLC grew its holdings in shares of Aptiv by 81.2% in the first 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 grew its stake in shares of Aptiv by 7.4% in the first quarter. Orion Portfolio Solutions LLC now owns 32,043 shares of the auto parts company’s stock worth $2,552,000 after acquiring an additional 2,200 shares in the last quarter. M&G Plc purchased a new stake in shares of Aptiv during the first quarter worth $8,337,000. Edgestream Partners L.P. acquired a new stake in shares of Aptiv in the first quarter valued at $252,000. Finally, Covestor Ltd boosted its holdings in Aptiv by 150.6% in the first quarter. Covestor Ltd now owns 1,787 shares of the auto parts company’s stock valued at $142,000 after purchasing an additional 1,074 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Price Performance

APTV stock opened at $52.93 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $12.44 billion, a P/E ratio of 5.91, a PEG ratio of 0.50 and a beta of 1.81. The business has a 50 day simple moving average of $66.50 and a 200-day simple moving average of $71.34. Aptiv PLC has a twelve month low of $52.14 and a twelve month high of $91.66.

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 analysts’ consensus estimates 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 net margin of 12.29% and a return on equity of 14.51%. Aptiv’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.30 EPS. As a group, equities analysts anticipate that Aptiv PLC will post 6.18 EPS for the current year.

Analysts Set New Price Targets

APTV has been the topic of several recent research reports. StockNews.com initiated coverage on Aptiv in a report on Monday, November 11th. They set a “hold” rating on the stock. Barclays reduced their target price on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Robert W. Baird lowered their price target on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Oppenheimer reduced their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Bank of America lowered their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $86.53.

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.