Olstein Capital Management L.P. Boosts Stock Position in Aptiv PLC (NYSE:APTV)

Olstein Capital Management L.P. grew its holdings in shares of Aptiv PLC (NYSE:APTV) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,000 shares of the auto parts company’s stock after buying an additional 28,000 shares during the quarter. Aptiv accounts for about 1.5% of Olstein Capital Management L.P.’s investment portfolio, making the stock its 20th largest holding. Olstein Capital Management L.P. owned about 0.06% of Aptiv worth $8,286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in APTV. Proactive Wealth Strategies LLC bought a new position in Aptiv during the 3rd quarter worth approximately $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Aptiv by 73.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after purchasing an additional 47,215 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Aptiv in the third quarter worth $14,893,000. Shorepath Capital Management LLC increased its stake in Aptiv by 21.8% during the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after purchasing an additional 11,835 shares during the last quarter. Finally, National Pension Service raised its holdings in shares of Aptiv by 16.6% during the third quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after purchasing an additional 71,633 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on APTV shares. Oppenheimer decreased their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a report on Friday, November 1st. Bank of America cut their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Guggenheim restated a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Finally, Morgan Stanley dropped their target price on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and an average price target of $85.06.

Aptiv Price Performance

NYSE APTV opened at $63.40 on Friday. The firm has a market capitalization of $14.90 billion, a PE ratio of 7.08, a P/E/G ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $88.89. The company’s 50 day simple moving average is $58.60 and its 200 day simple moving average is $64.79.

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