Aptiv PLC (NYSE:APTV) Shares Purchased by Jennison Associates LLC

Jennison Associates LLC raised its position in Aptiv PLC (NYSE:APTV) by 0.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,358 shares of the auto parts company’s stock after acquiring an additional 473 shares during the quarter. Jennison Associates LLC owned approximately 0.14% of Aptiv worth $23,141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Independence Bank of Kentucky purchased a new position in Aptiv in the second quarter worth approximately $25,000. Crewe Advisors LLC lifted its position in shares of Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares during the last quarter. Wolff Wiese Magana LLC lifted its position in shares of Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in Aptiv in the second quarter valued at $38,000. Finally, Capital Performance Advisors LLP acquired a new stake in Aptiv in the third quarter valued at $43,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Stock Performance

APTV opened at $54.38 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 business’s 50 day moving average is $65.09 and its 200-day moving average is $70.52. The stock has a market cap of $12.78 billion, a PE ratio of 6.07, a price-to-earnings-growth ratio of 0.46 and a beta of 1.81. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $91.66.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. On average, analysts predict that Aptiv PLC will post 6.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays dropped their price target on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Morgan Stanley dropped their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Robert W. Baird cut their target price on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Bank of America cut their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.29.

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.