Symmetry Investments LP Invests $324,000 in Aptiv PLC (NYSE:APTV)

Symmetry Investments LP bought a new stake in shares of Aptiv PLC (NYSE:APTV) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,600 shares of the auto parts company’s stock, valued at approximately $324,000.

Several other hedge funds also recently added to or reduced their stakes in APTV. Broderick Brian C raised its position in shares of Aptiv by 0.6% during the 1st quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock valued at $1,731,000 after acquiring an additional 132 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Aptiv by 11.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock worth $130,000 after purchasing an additional 146 shares during the period. Signaturefd LLC increased its position in Aptiv by 6.2% in the second quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after buying an additional 156 shares during the period. Lindbrook Capital LLC grew its position in shares of Aptiv by 27.3% during the first quarter. Lindbrook Capital LLC now owns 812 shares of the auto parts company’s stock worth $65,000 after acquiring an additional 174 shares during the last quarter. Finally, Advisory Services Network LLC increased its holdings in shares of Aptiv by 1.2% in the 4th quarter. Advisory Services Network LLC now owns 14,892 shares of the auto parts company’s stock worth $1,336,000 after acquiring an additional 180 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on APTV shares. Bank of America reduced their target price on shares of Aptiv from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. JPMorgan Chase & Co. increased their price objective on Aptiv from $104.00 to $107.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Oppenheimer restated an “outperform” rating and issued a $145.00 target price on shares of Aptiv in a research report on Tuesday, July 9th. Barclays reduced their price target on Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, Royal Bank of Canada raised their price target 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 given a buy rating to the company. Based on data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.44.

Aptiv Trading Down 1.0 %

Aptiv stock opened at $69.84 on Friday. 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 PLC has a 1 year low of $63.62 and a 1 year high of $100.88. The firm’s 50 day moving average price is $69.54 and its two-hundred day moving average price is $74.04. 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 announced its earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The company had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same period in the previous year, the firm earned $1.25 earnings per share. Aptiv’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, research analysts predict 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.