Tidal Investments LLC Buys 3,553 Shares of Aptiv PLC (NYSE:APTV)

Tidal Investments LLC increased its stake in shares of Aptiv PLC (NYSE:APTV) by 29.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,509 shares of the auto parts company’s stock after buying an additional 3,553 shares during the quarter. Tidal Investments LLC’s holdings in Aptiv were worth $1,117,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Independence Bank of Kentucky purchased a new stake in shares of Aptiv during the second quarter valued at approximately $25,000. Brown Brothers Harriman & Co. grew its stake in 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 purchasing an additional 409 shares during the period. Crewe Advisors LLC increased 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 valued at $31,000 after purchasing an additional 215 shares during the last quarter. Wolff Wiese Magana LLC raised its stake 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 period. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Aptiv in the 2nd quarter worth about $38,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APTV has been the subject of a number of research analyst reports. StockNews.com began coverage on shares of Aptiv in a report on Friday, December 13th. They set a “hold” rating for the company. Morgan Stanley decreased their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Wells Fargo & Company dropped their price objective on Aptiv from $74.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday. Oppenheimer decreased their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Two equities 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.29.

Aptiv Stock Up 0.6 %

APTV opened at $57.01 on Friday. 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 PLC has a one year low of $51.47 and a one year high of $91.66. The firm has a market capitalization of $13.40 billion, a P/E ratio of 6.36, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78. The company has a fifty day moving average price of $59.84 and a 200-day moving average price of $67.15.

Aptiv (NYSE:APTV) last announced its 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 business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 EPS. Equities research analysts expect that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

About Aptiv

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.