Aptiv PLC (NYSE:APTV) Stake Raised by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its stake in shares of Aptiv PLC (NYSE:APTV) by 21.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,541 shares of the auto parts company’s stock after acquiring an additional 1,847 shares during the quarter. V Square Quantitative Management LLC’s holdings in Aptiv were worth $638,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in APTV. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Aptiv by 2.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,414 shares of the auto parts company’s stock valued at $3,270,000 after acquiring an additional 918 shares during the period. Blue Trust Inc. increased its stake in shares of Aptiv by 713.9% during the third quarter. Blue Trust Inc. now owns 2,108 shares of the auto parts company’s stock valued at $148,000 after acquiring an additional 1,849 shares during the period. Slow Capital Inc. increased its stake in shares of Aptiv by 22.1% during the third quarter. Slow Capital Inc. now owns 33,317 shares of the auto parts company’s stock valued at $2,399,000 after acquiring an additional 6,026 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Aptiv by 4.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,386,232 shares of the auto parts company’s stock valued at $171,833,000 after acquiring an additional 108,626 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Aptiv by 15.5% during the third quarter. Signaturefd LLC now owns 3,098 shares of the auto parts company’s stock valued at $223,000 after acquiring an additional 416 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Trading Up 1.0 %

Shares of NYSE:APTV opened at $67.06 on Friday. The firm has a fifty day moving average of $61.15 and a two-hundred day moving average of $64.10. The firm has a market capitalization of $15.76 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 0.54 and a beta of 1.74. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $85.56. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, equities analysts expect that Aptiv PLC will post 7.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. Guggenheim restated a “buy” rating and issued a $73.00 price target on shares of Aptiv in a research report on Thursday, December 5th. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and lifted their price target for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Barclays lifted their price target on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, UBS Group lifted their price target on shares of Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.61.

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.