Rhumbline Advisers Has $27.84 Million Stake in Aptiv PLC (NYSE:APTV)

Rhumbline Advisers decreased its stake in Aptiv PLC (NYSE:APTV) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 460,334 shares of the auto parts company’s stock after selling 11,794 shares during the quarter. Rhumbline Advisers owned 0.20% of Aptiv worth $27,841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Aptiv by 1,390.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after buying an additional 5,002,090 shares during the period. Harris Associates L P acquired a new stake in shares of Aptiv during the third quarter worth about $162,640,000. Point72 Asset Management L.P. acquired a new stake in shares of Aptiv during the third quarter worth about $143,909,000. FMR LLC raised its position in shares of Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after purchasing an additional 1,090,766 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on APTV. Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. HSBC raised Aptiv from a “hold” rating to a “buy” rating and raised their price target for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Barclays raised their price target on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. UBS Group raised their price target on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Royal Bank of Canada increased their price objective on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Stock Down 0.3 %

APTV stock opened at $66.67 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average price of $61.51 and a two-hundred day moving average price of $63.98. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 9.69, a P/E/G ratio of 0.62 and a beta of 1.74. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Analysts anticipate that Aptiv PLC will post 7.2 EPS 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.