Hsbc Holdings PLC Buys 85,654 Shares of Aptiv PLC (NYSE:APTV)

Hsbc Holdings PLC grew its stake in shares of Aptiv PLC (NYSE:APTV) by 76.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 197,993 shares of the auto parts company’s stock after buying an additional 85,654 shares during the quarter. Hsbc Holdings PLC owned approximately 0.07% of Aptiv worth $13,824,000 as of its most recent SEC filing.

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

Aptiv Trading Down 1.0 %

Shares of Aptiv stock opened at $69.84 on Monday. The stock has a market capitalization of $19.00 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79. Aptiv PLC has a 52 week low of $63.62 and a 52 week high of $100.88. The stock has a 50 day moving average price of $69.54 and a two-hundred day moving average price of $74.01. 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 posted its quarterly earnings results 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. 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 the consensus estimate of $5.30 billion. During the same quarter last year, the firm posted $1.25 EPS. Aptiv’s revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts anticipate that Aptiv PLC will post 6.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on APTV shares. Royal Bank of Canada raised their price target on shares of Aptiv from $85.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. Barclays lowered their target price on Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Citigroup reduced their price target on Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Wells Fargo & Company raised Aptiv from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $78.00 to $87.00 in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $74.00 target price on shares of Aptiv in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $95.44.

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.