Shorepath Capital Management LLC Boosts Stake in Aptiv PLC (NYSE:APTV)

Shorepath Capital Management LLC lifted its holdings in shares of Aptiv PLC (NYSE:APTV) by 21.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,104 shares of the auto parts company’s stock after acquiring an additional 11,835 shares during the quarter. Aptiv accounts for about 2.9% of Shorepath Capital Management LLC’s investment portfolio, making the stock its 18th biggest position. Shorepath Capital Management LLC’s holdings in Aptiv were worth $3,998,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Douglas Lane & Associates LLC boosted its stake in Aptiv by 16.3% during the 4th quarter. Douglas Lane & Associates LLC now owns 1,011,935 shares of the auto parts company’s stock valued at $61,202,000 after purchasing an additional 141,587 shares during the period. Everence Capital Management Inc. boosted its position in Aptiv by 63.4% during the fourth quarter. Everence Capital Management Inc. now owns 11,520 shares of the auto parts company’s stock valued at $697,000 after purchasing an additional 4,470 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Aptiv by 1.1% during the third quarter. Principal Financial Group Inc. now owns 316,706 shares of the auto parts company’s stock valued at $22,806,000 after buying an additional 3,400 shares in the last quarter. Inspire Trust Co. N.A. lifted its position in Aptiv by 48.0% during the 3rd quarter. Inspire Trust Co. N.A. now owns 28,000 shares of the auto parts company’s stock worth $2,016,000 after acquiring an additional 9,075 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after purchasing an additional 1,090,766 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

APTV has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Royal Bank of Canada dropped their price objective on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Oppenheimer reduced their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. StockNews.com began coverage on Aptiv in a research note on Tuesday. They set a “hold” rating on the stock. Finally, Barclays lowered their price objective on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.29.

Aptiv Trading Up 2.1 %

APTV opened at $60.57 on Tuesday. The stock has a market capitalization of $14.24 billion, a P/E ratio of 6.76, a P/E/G ratio of 0.59 and a beta of 1.78. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $88.89. The firm’s fifty day simple moving average is $57.37 and its 200 day simple moving average is $65.21.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share 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 company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the prior year, the firm earned $1.30 earnings per share. Aptiv’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, research analysts anticipate that Aptiv PLC will post 6.15 EPS for the current fiscal year.

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.