XTX Topco Ltd Acquires 926 Shares of Aptiv PLC (NYSE:APTV)

XTX Topco Ltd lifted its stake in Aptiv PLC (NYSE:APTV) by 8.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,301 shares of the auto parts company’s stock after acquiring an additional 926 shares during the period. XTX Topco Ltd’s holdings in Aptiv were worth $866,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Aptiv from $104.00 to $107.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $74.00 target price on shares of Aptiv in a research report on Tuesday, September 10th. Wolfe Research started coverage on Aptiv in a report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price target on the stock. Barclays cut their price objective on Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Evercore ISI lowered their target price on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and an average price target of $95.44.

Aptiv Stock Performance

Shares of APTV stock opened at $69.84 on Friday. 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 PLC has a fifty-two week low of $63.62 and a fifty-two week high of $100.88. The company has a market capitalization of $19.00 billion, a P/E ratio of 6.58, a PEG ratio of 0.60 and a beta of 1.79. The stock has a 50 day moving average price of $69.54 and a two-hundred day moving average price of $74.04.

Aptiv (NYSE:APTV) last announced its quarterly earnings results 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 net margin of 18.46% and a return on equity of 13.19%. The business had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the prior year, the company posted $1.25 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts expect that Aptiv PLC will post 6.28 earnings per share for the current 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.