Barrow Hanley Mewhinney & Strauss LLC Boosts Stock Position in Aptiv PLC (NYSE:APTV)

Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Aptiv PLC (NYSE:APTV) by 13.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,515,074 shares of the auto parts company’s stock after acquiring an additional 905,431 shares during the quarter. Aptiv accounts for approximately 1.8% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 13th biggest position. Barrow Hanley Mewhinney & Strauss LLC owned 2.76% of Aptiv worth $529,212,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Riverview Trust Co acquired a new stake in shares of Aptiv in the first quarter valued at $25,000. Independence Bank of Kentucky acquired a new stake in Aptiv in the 2nd quarter valued at about $25,000. Hazlett Burt & Watson Inc. purchased a new position in shares of Aptiv in the 1st quarter valued at about $28,000. Crewe Advisors LLC grew its position in shares of Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after buying an additional 215 shares in the last quarter. Finally, Clearstead Trust LLC increased its stake in shares of Aptiv by 305.0% during the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after buying an additional 305 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Aptiv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price target for the company. 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. Oppenheimer reissued an “outperform” rating and issued a $145.00 target price on shares of Aptiv in a report on Tuesday, July 9th. Morgan Stanley decreased their price target on Aptiv from $75.00 to $70.00 and set an “underweight” rating for the company in a report on Wednesday, August 14th. Finally, Royal Bank of Canada increased their price objective on Aptiv from $85.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.44.

Aptiv Trading Down 1.0 %

APTV opened at $69.84 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.47. Aptiv PLC has a 52 week low of $63.62 and a 52 week high of $100.88. The business’s 50 day moving average is $69.54 and its two-hundred day moving average is $74.04. The firm has a market cap of $19.00 billion, a price-to-earnings ratio of 6.58, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79.

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