GSA Capital Partners LLP Purchases New Stake in Aptiv PLC (NYSE:APTV)

GSA Capital Partners LLP bought a new position in shares of Aptiv PLC (NYSE:APTV) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,055 shares of the auto parts company’s stock, valued at approximately $364,000.

Several other large investors have also bought and sold shares of APTV. Massachusetts Financial Services Co. MA raised its position in shares of Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after acquiring an additional 1,764,844 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Aptiv by 13.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after purchasing an additional 905,431 shares during the last quarter. Capital World Investors purchased a new position in Aptiv in the first quarter worth $343,760,000. EdgePoint Investment Group Inc. bought a new stake in shares of Aptiv in the first quarter valued at $335,426,000. Finally, Mirova US LLC raised its stake in shares of Aptiv by 1.8% in the second quarter. Mirova US LLC now owns 2,667,362 shares of the auto parts company’s stock valued at $187,836,000 after buying an additional 48,393 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on APTV shares. Wolfe Research assumed coverage on Aptiv in a research note on Thursday, September 5th. They set an “outperform” rating and a $89.00 price objective on the stock. Bank of America cut their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a report on Monday, October 14th. Wells Fargo & Company upgraded Aptiv from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $78.00 to $87.00 in a report on Friday, September 20th. Royal Bank of Canada cut their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, TD Cowen cut their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.29.

Aptiv Price Performance

Shares of APTV stock opened at $53.35 on Friday. The firm has a market cap of $12.54 billion, a P/E ratio of 5.95, a P/E/G ratio of 0.46 and a beta of 1.81. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $91.66. The business’s 50 day moving average price is $65.38 and its 200-day moving average price is $70.72. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.30 EPS. On average, equities research analysts anticipate that Aptiv PLC will post 6.18 earnings per share for the current year.

Aptiv Company 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.