Meiji Yasuda Life Insurance Co Buys 469 Shares of Aptiv PLC (NYSE:APTV)

Meiji Yasuda Life Insurance Co increased its stake in Aptiv PLC (NYSE:APTV) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,627 shares of the auto parts company’s stock after purchasing an additional 469 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Aptiv were worth $1,312,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in APTV. Financial Advocates Investment Management boosted its position in shares of Aptiv by 5.9% during the fourth quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock worth $211,000 after purchasing an additional 132 shares in the last quarter. Broderick Brian C lifted its position in shares of Aptiv by 0.6% in the first quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock worth $1,731,000 after purchasing an additional 132 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Aptiv by 11.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock worth $130,000 after acquiring an additional 146 shares in the last quarter. Signaturefd LLC increased its position in shares of Aptiv by 6.2% during the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after purchasing an additional 156 shares during the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of Aptiv by 27.3% during the 1st quarter. Lindbrook Capital LLC now owns 812 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 174 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Stock Performance

APTV opened at $69.67 on Thursday. The company has a market cap of $18.95 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 0.60 and a beta of 1.79. The company’s fifty day moving average price is $69.62 and its two-hundred day moving average price is $74.16. Aptiv PLC has a 1-year low of $63.62 and a 1-year high of $104.72. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The business had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same period last year, the business earned $1.25 EPS. The business’s revenue was down 2.9% on a year-over-year basis. On average, analysts expect that Aptiv PLC will post 6.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank of Canada upped their price target on shares of Aptiv from $85.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. StockNews.com downgraded shares of Aptiv from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Robert W. Baird cut their price objective on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $74.00 price objective on shares of Aptiv in a research report on Tuesday, September 10th. Finally, Bank of America reduced their price target on shares of Aptiv from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.88.

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.