Douglas Lane & Associates LLC Has $61.20 Million Holdings in Aptiv PLC (NYSE:APTV)

Douglas Lane & Associates LLC grew its holdings in shares of Aptiv PLC (NYSE:APTV) by 16.3% in the 4th quarter, Holdings Channel reports. The fund owned 1,011,935 shares of the auto parts company’s stock after buying an additional 141,587 shares during the period. Douglas Lane & Associates LLC’s holdings in Aptiv were worth $61,202,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its holdings in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings 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 purchasing an additional 155 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Aptiv during the second quarter worth about $38,000. Capital Performance Advisors LLP acquired a new position in shares of Aptiv in the third quarter valued at approximately $43,000. Finally, Brooklyn Investment Group acquired a new stake in Aptiv during the 3rd quarter worth approximately $43,000. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

APTV has been the subject of several recent research reports. StockNews.com initiated coverage on shares of Aptiv in a research report on Monday. They issued a “hold” rating for the company. Guggenheim restated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft cut their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Bank of America decreased their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. lifted their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and a consensus price target of $84.29.

Aptiv Stock Down 1.4 %

Shares of NYSE APTV traded down $0.87 during trading on Wednesday, hitting $60.95. 1,460,819 shares of the company traded hands, compared to its average volume of 2,553,734. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The business’s fifty day moving average is $57.30 and its 200 day moving average is $65.53. The firm has a market capitalization of $14.33 billion, a price-to-earnings ratio of 6.80, a P/E/G ratio of 0.59 and a beta of 1.75. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $88.89.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.30 earnings per share. Equities research analysts predict 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.