Aptiv PLC (NYSE:APTV) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of Aptiv PLC (NYSE:APTV) by 19.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,808 shares of the auto parts company’s stock after acquiring an additional 5,623 shares during the quarter. Pacer Advisors Inc.’s holdings in Aptiv were worth $2,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Aptiv by 1,390.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after purchasing an additional 5,002,090 shares during the last quarter. Harris Associates L P acquired a new position in Aptiv in the third quarter valued at approximately $162,640,000. Point72 Asset Management L.P. purchased a new position in Aptiv in the third quarter worth approximately $143,909,000. FMR LLC increased its stake in Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after acquiring an additional 1,294,670 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after purchasing an additional 1,090,766 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Down 0.9 %

Shares of NYSE APTV opened at $62.35 on Friday. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $88.89. The company has a market capitalization of $14.66 billion, a price-to-earnings ratio of 6.96, a price-to-earnings-growth ratio of 0.55 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. The business has a 50-day moving average of $59.44 and a two-hundred day moving average of $64.58.

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, beating 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 firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the company posted $1.30 earnings per share. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, analysts forecast that Aptiv PLC will post 6.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Guggenheim restated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Wells Fargo & Company lifted their target price on shares of Aptiv from $70.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Morgan Stanley decreased their price target on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Finally, Oppenheimer dropped their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.47.

About Aptiv

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.