Money Concepts Capital Corp Buys New Shares in Aptiv PLC (NYSE:APTV)

Money Concepts Capital Corp purchased a new stake in Aptiv PLC (NYSE:APTV) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,619 shares of the auto parts company’s stock, valued at approximately $521,000.

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

Aptiv Price Performance

APTV stock opened at $63.38 on Friday. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56. The stock has a market capitalization of $14.90 billion, a PE ratio of 7.07, a price-to-earnings-growth ratio of 0.55 and a beta of 1.74. The company’s 50-day moving average is $59.91 and its 200-day moving average is $64.24. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Equities research analysts expect that Aptiv PLC will post 6.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

APTV has been the subject of several research reports. Wells Fargo & Company raised their price target on Aptiv from $70.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Oppenheimer reduced their price target on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen dropped their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

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.