Fmr LLC Has $550.76 Million Holdings in Aptiv PLC (NYSE:APTV)

Fmr LLC boosted its stake in shares of Aptiv PLC (NYSE:APTV) by 20.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,648,369 shares of the auto parts company’s stock after purchasing an additional 1,294,670 shares during the quarter. Fmr LLC owned 3.25% of Aptiv worth $550,759,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of APTV. Independence Bank of Kentucky acquired a new position in Aptiv during the 2nd quarter valued at $25,000. Crewe Advisors LLC raised its stake in shares of Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after buying an additional 215 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares in the last quarter. Wolff Wiese Magana LLC raised its stake in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Aptiv in the 2nd quarter valued at $38,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APTV has been the subject of a number of recent research reports. Bank of America dropped their price objective 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. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Barclays dropped their price objective on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Finally, Guggenheim lowered their target price on shares of Aptiv from $87.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.29.

Aptiv Stock Up 0.4 %

Shares of NYSE:APTV opened at $55.52 on Friday. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $91.66. The company’s 50-day moving average price is $63.97 and its two-hundred day moving average price is $69.76. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The firm has a market cap of $13.05 billion, a P/E ratio of 6.20, a P/E/G ratio of 0.58 and a beta of 1.81.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 EPS. As a group, research analysts forecast that Aptiv PLC will post 6.15 EPS for the current fiscal year.

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.