Aptiv PLC (NYSE:APTV) Shares Acquired by Eventide Asset Management LLC

Eventide Asset Management LLC lifted its stake in shares of Aptiv PLC (NYSE:APTV) by 0.1% during the third quarter, HoldingsChannel.com reports. The firm owned 251,021 shares of the auto parts company’s stock after purchasing an additional 240 shares during the period. Eventide Asset Management LLC’s holdings in Aptiv were worth $18,076,000 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 APTV. Independence Bank of Kentucky acquired a new stake in Aptiv in the 2nd quarter valued at about $25,000. Crewe Advisors LLC lifted its holdings 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 acquiring an additional 215 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in shares of Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 409 shares during the period. Wolff Wiese Magana LLC lifted its holdings 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 acquiring an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Aptiv during the 2nd quarter worth about $38,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Stock Performance

Shares of APTV opened at $55.52 on Friday. The business’s fifty day moving average price is $63.97 and its 200 day moving average price is $69.76. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $91.66. The stock has a market capitalization of $13.05 billion, a PE ratio of 6.20, a price-to-earnings-growth ratio of 0.56 and a beta of 1.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

Aptiv (NYSE:APTV) last announced 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. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period last year, the business posted $1.30 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities research analysts forecast that Aptiv PLC will post 6.15 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on APTV shares. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $78.00 to $87.00 in a research report on Friday, September 20th. Guggenheim lowered their price objective on shares of Aptiv from $87.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. JPMorgan Chase & Co. increased their price objective on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley lowered their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. Finally, TD Cowen lowered their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.29.

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.