Elo Mutual Pension Insurance Co Purchases 3,703 Shares of Aptiv PLC (NYSE:APTV)

Elo Mutual Pension Insurance Co boosted its position in shares of Aptiv PLC (NYSE:APTV) by 20.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,026 shares of the auto parts company’s stock after acquiring an additional 3,703 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Aptiv were worth $1,551,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new position in shares of Aptiv during the 1st quarter worth approximately $25,000. Independence Bank of Kentucky acquired a new stake in Aptiv during the 2nd quarter valued at $25,000. Hazlett Burt & Watson Inc. bought a new position in Aptiv during the first quarter worth $28,000. Clearstead Trust LLC increased its holdings in shares of Aptiv by 305.0% in the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 305 shares during the last quarter. Finally, Mather Group LLC. bought a new position in shares of Aptiv in the first quarter valued at about $33,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on APTV shares. Robert W. Baird reduced their target price on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Wolfe Research started coverage on Aptiv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 target price on the stock. Morgan Stanley dropped their price target on Aptiv from $75.00 to $70.00 and set an “underweight” rating for the company in a report on Wednesday, August 14th. Barclays reduced their price target on Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, Bank of America lowered their price objective on Aptiv from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.44.

Aptiv Price Performance

Shares of NYSE:APTV opened at $69.84 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $19.00 billion, a PE ratio of 6.58, a PEG ratio of 0.60 and a beta of 1.79. The firm has a 50 day moving average of $69.54 and a 200-day moving average of $74.08. Aptiv PLC has a 12 month low of $63.62 and a 12 month high of $100.88.

Aptiv (NYSE:APTV) last posted its quarterly 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. The company had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $1.25 EPS. On average, equities research analysts predict that Aptiv PLC will post 6.28 EPS for the current fiscal 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.