Crossmark Global Holdings Inc. Increases Stock Position in Aptiv PLC (NYSE:APTV)

Crossmark Global Holdings Inc. grew its position in shares of Aptiv PLC (NYSE:APTV) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,826 shares of the auto parts company’s stock after purchasing an additional 624 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Aptiv were worth $715,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. increased its stake in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 409 shares during the period. Wolff Wiese Magana LLC boosted its stake in shares of Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Aptiv during the third quarter worth about $43,000. Brooklyn Investment Group acquired a new position in Aptiv in the 3rd quarter valued at about $43,000. Finally, Mather Group LLC. raised its stake in Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after acquiring an additional 176 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on APTV shares. StockNews.com initiated coverage on Aptiv in a research note on Wednesday. They set a “hold” rating for the company. Robert W. Baird upped their price objective on shares of Aptiv from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday. Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $53.00 to $65.00 in a research note on Thursday. Royal Bank of Canada cut their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Guggenheim reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. One equities research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.06.

Aptiv Stock Down 0.8 %

APTV stock opened at $63.40 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The company’s 50 day simple moving average is $58.60 and its 200-day simple moving average is $64.79. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $88.89. 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.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the business posted $1.30 earnings per share. Aptiv’s revenue was down 5.1% compared to the same quarter last year. Equities analysts expect that Aptiv PLC will post 6.15 earnings per share for the current fiscal 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.