Benjamin F. Edwards & Company Inc. Grows Position in Aptiv PLC (NYSE:APTV)

Benjamin F. Edwards & Company Inc. raised its holdings in Aptiv PLC (NYSE:APTV) by 62.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,080 shares of the auto parts company’s stock after purchasing an additional 5,049 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Aptiv were worth $921,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. XTX Topco Ltd raised its holdings in Aptiv by 8.1% during the 2nd quarter. XTX Topco Ltd now owns 12,301 shares of the auto parts company’s stock valued at $866,000 after acquiring an additional 926 shares during the period. Hsbc Holdings PLC boosted its position in shares of Aptiv by 76.2% in the second quarter. Hsbc Holdings PLC now owns 197,993 shares of the auto parts company’s stock valued at $13,824,000 after acquiring an additional 85,654 shares during the period. Elo Mutual Pension Insurance Co grew its stake in Aptiv by 20.2% during the second quarter. Elo Mutual Pension Insurance Co now owns 22,026 shares of the auto parts company’s stock valued at $1,551,000 after acquiring an additional 3,703 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Aptiv by 29.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 24,260 shares of the auto parts company’s stock valued at $1,708,000 after acquiring an additional 5,481 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in Aptiv by 25.4% during the 2nd quarter. Amalgamated Bank now owns 73,961 shares of the auto parts company’s stock worth $5,208,000 after acquiring an additional 14,984 shares during the period. Institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

Shares of APTV stock opened at $71.54 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. The firm has a market cap of $19.46 billion, a P/E ratio of 6.74, a P/E/G ratio of 0.60 and a beta of 1.79. The business’s 50 day moving average price is $69.52 and its 200-day moving average price is $73.96. Aptiv PLC has a fifty-two week low of $63.62 and a fifty-two week high of $100.88.

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

Wall Street Analyst Weigh In

APTV has been the topic of a number of recent analyst reports. Nomura Securities upgraded Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $78.00 to $87.00 in a research report on Friday. The Goldman Sachs Group cut their price objective on Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Robert W. Baird decreased their price objective on Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Finally, Wolfe Research began coverage on Aptiv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $89.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.