Aptiv PLC (NYSE:APTV) Shares Purchased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Aptiv PLC (NYSE:APTV) by 312.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 29,164 shares of the auto parts company’s stock after purchasing an additional 22,098 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Aptiv were worth $2,054,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN raised its position in Aptiv by 6.3% in the fourth quarter. Wells Fargo & Company MN now owns 455,651 shares of the auto parts company’s stock worth $40,881,000 after acquiring an additional 26,933 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in Aptiv during the fourth quarter valued at approximately $596,000. Assetmark Inc. boosted its holdings in Aptiv by 50.2% during the fourth quarter. Assetmark Inc. now owns 2,674 shares of the auto parts company’s stock worth $240,000 after buying an additional 894 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in Aptiv by 4.3% in the fourth quarter. Orion Portfolio Solutions LLC now owns 29,843 shares of the auto parts company’s stock worth $2,524,000 after buying an additional 1,220 shares during the last quarter. Finally, Advisory Services Network LLC increased its holdings in shares of Aptiv by 1.2% in the fourth quarter. Advisory Services Network LLC now owns 14,892 shares of the auto parts company’s stock valued at $1,336,000 after buying an additional 180 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley reduced their price objective on Aptiv from $75.00 to $70.00 and set an “underweight” rating for the company in a research note on Wednesday, August 14th. Citigroup cut their price objective on Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Wolfe Research assumed coverage on shares of Aptiv in a research note on Thursday, September 5th. They set an “outperform” rating and a $89.00 price objective for the company. Royal Bank of Canada lifted their target price on shares of Aptiv from $85.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. Finally, Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $78.00 to $87.00 in a research report on Friday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.44.

Aptiv Trading Up 2.4 %

NYSE APTV opened at $71.54 on Tuesday. The company has a market capitalization of $19.46 billion, a PE ratio of 6.74, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79. Aptiv PLC has a 1-year low of $63.62 and a 1-year high of $100.88. 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 firm’s fifty day simple moving average is $69.52 and its 200-day simple moving average is $73.96.

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, topping analysts’ consensus estimates of $1.42 by $0.16. The company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business earned $1.25 EPS. As a group, sell-side analysts anticipate that Aptiv PLC will post 6.28 earnings per share for the current fiscal year.

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.