Prospector Partners LLC Acquires 12,390 Shares of Aptiv PLC (NYSE:APTV)

Prospector Partners LLC lifted its holdings in Aptiv PLC (NYSE:APTV) by 11.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 122,100 shares of the auto parts company’s stock after acquiring an additional 12,390 shares during the quarter. Prospector Partners LLC’s holdings in Aptiv were worth $8,598,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Broderick Brian C lifted its stake in Aptiv by 0.6% in the first quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock worth $1,731,000 after purchasing an additional 132 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Aptiv by 11.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock worth $130,000 after buying an additional 146 shares during the period. Signaturefd LLC lifted its stake in shares of Aptiv by 6.2% in the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock valued at $189,000 after acquiring an additional 156 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Aptiv by 27.3% during the 1st quarter. Lindbrook Capital LLC now owns 812 shares of the auto parts company’s stock valued at $65,000 after acquiring an additional 174 shares during the period. Finally, Advisory Services Network LLC grew its position in Aptiv by 1.2% during the 4th quarter. Advisory Services Network LLC now owns 14,892 shares of the auto parts company’s stock worth $1,336,000 after acquiring an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on APTV shares. Barclays dropped their price objective on Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Morgan Stanley dropped their price target on shares of Aptiv from $75.00 to $70.00 and set an “underweight” rating for the company in a research report on Wednesday, August 14th. Bank of America decreased their price objective on shares of Aptiv from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Wells Fargo & Company raised Aptiv from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $78.00 to $87.00 in a research note on Friday. Finally, UBS Group lowered their price target on Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $95.44.

Aptiv Price Performance

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 company has a market cap of $19.00 billion, a price-to-earnings ratio of 6.58, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79. The stock has a fifty day simple moving average of $69.54 and a two-hundred day simple moving average of $74.04. Aptiv PLC has a 12-month low of $63.62 and a 12-month high of $100.88.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, topping 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 the consensus estimate of $5.30 billion. During the same period in the prior year, the firm earned $1.25 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. Research analysts predict that Aptiv PLC will post 6.28 earnings per share 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.