Empowered Funds LLC Raises Position in Aptiv PLC (NYSE:APTV)

Empowered Funds LLC grew its stake in shares of Aptiv PLC (NYSE:APTV) by 6.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,404 shares of the auto parts company’s stock after acquiring an additional 375 shares during the period. Empowered Funds LLC’s holdings in Aptiv were worth $461,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc raised its holdings in shares of Aptiv by 8.1% during the 3rd quarter. CIBC Asset Management Inc now owns 31,964 shares of the auto parts company’s stock valued at $2,302,000 after buying an additional 2,399 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Aptiv by 4.0% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,119 shares of the auto parts company’s stock valued at $585,000 after buying an additional 310 shares during the period. Metis Global Partners LLC grew its stake in Aptiv by 2.5% in the third quarter. Metis Global Partners LLC now owns 13,130 shares of the auto parts company’s stock worth $945,000 after purchasing an additional 316 shares during the period. KBC Group NV increased its stake in shares of Aptiv by 4.0% in the 3rd quarter. KBC Group NV now owns 73,070 shares of the auto parts company’s stock worth $5,262,000 after acquiring an additional 2,786 shares in the last quarter. Finally, Plato Investment Management Ltd bought a new position in Aptiv during the 3rd quarter valued at approximately $455,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Guggenheim decreased their target price on shares of Aptiv from $87.00 to $73.00 and set a “buy” rating for the company in a report on Thursday. Morgan Stanley dropped their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lowered their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Nomura Securities upgraded Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Wolfe Research began coverage on shares of Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price target for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.29.

Aptiv Price Performance

Shares of Aptiv stock opened at $54.38 on Monday. The business’s fifty day moving average price is $65.09 and its 200 day moving average price is $70.34. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $91.66. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $12.78 billion, a P/E ratio of 6.07, a PEG ratio of 0.48 and a beta of 1.81.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the firm posted $1.30 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. As a group, research analysts anticipate that Aptiv PLC will post 6.15 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.