Aptiv PLC (NYSE:APTV) Position Increased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its position in Aptiv PLC (NYSE:APTV) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 451,071 shares of the auto parts company’s stock after acquiring an additional 26,500 shares during the period. The Manufacturers Life Insurance Company owned about 0.17% of Aptiv worth $31,764,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in APTV. Riverview Trust Co purchased a new position in Aptiv during the 1st quarter worth approximately $25,000. Independence Bank of Kentucky purchased a new position in shares of Aptiv during the second quarter valued at $25,000. Hazlett Burt & Watson Inc. acquired a new position in Aptiv during the first quarter valued at $28,000. Clearstead Trust LLC raised its position in Aptiv by 305.0% during the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after buying an additional 305 shares during the period. Finally, Mather Group LLC. purchased a new stake in Aptiv in the 1st quarter worth about $33,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Robert W. Baird dropped their target price on Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Oppenheimer reiterated an “outperform” rating and issued a $145.00 price objective on shares of Aptiv in a research note on Tuesday, July 9th. UBS Group cut their target price on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Citigroup lowered their price target on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Finally, Evercore ISI cut their price objective on Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $95.31.

Aptiv Stock Down 3.0 %

Shares of APTV stock opened at $72.01 on Tuesday. The company has a market capitalization of $19.59 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 0.65 and a beta of 1.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. The stock’s 50 day simple moving average is $69.62 and its 200 day simple moving average is $73.75. Aptiv PLC has a twelve month low of $63.62 and a twelve month high of $99.31.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. The company had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 earnings per share. As a group, research analysts predict that Aptiv PLC will post 6.28 EPS 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.