Amalgamated Bank Has $5.21 Million Stake in Aptiv PLC (NYSE:APTV)

Amalgamated Bank increased its stake in shares of Aptiv PLC (NYSE:APTV) by 25.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,961 shares of the auto parts company’s stock after purchasing an additional 14,984 shares during the quarter. Amalgamated Bank’s holdings in Aptiv were worth $5,208,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Aptiv by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock worth $2,843,905,000 after buying an additional 325,550 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Aptiv by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after purchasing an additional 1,764,844 shares during the last quarter. Capital World Investors bought a new position in shares of Aptiv during the 1st quarter valued at $343,760,000. Clearbridge Investments LLC lifted its stake in shares of Aptiv by 3.1% in the 1st quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock valued at $343,728,000 after purchasing an additional 131,431 shares during the last quarter. Finally, EdgePoint Investment Group Inc. bought a new stake in Aptiv in the first quarter worth $335,426,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on APTV shares. Citigroup reduced their price target on Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Oppenheimer reiterated an “outperform” rating and set a $145.00 price target on shares of Aptiv in a report on Tuesday, July 9th. Piper Sandler lowered shares of Aptiv from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $78.00 to $63.00 in a research report on Wednesday, June 26th. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $78.00 to $87.00 in a report on Friday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Aptiv from $104.00 to $107.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.44.

Aptiv Stock Down 1.0 %

APTV opened at $69.84 on Friday. Aptiv PLC has a twelve month low of $63.62 and a twelve month high of $100.88. The firm has a market cap of $19.00 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 0.60 and a beta of 1.79. The firm’s 50-day simple moving average is $69.54 and its 200-day simple moving average is $74.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.16. The firm had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS. Equities research analysts anticipate that Aptiv PLC will post 6.28 EPS 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.