Sumitomo Life Insurance Co. Purchases 445 Shares of Aptiv PLC (NYSE:APTV)

Sumitomo Life Insurance Co. lifted its position in shares of Aptiv PLC (NYSE:APTV) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,490 shares of the auto parts company’s stock after buying an additional 445 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Aptiv were worth $1,187,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its holdings in Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after buying an additional 1,764,844 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Aptiv by 13.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after purchasing an additional 905,431 shares during the last quarter. Capital World Investors bought a new position in Aptiv in the first quarter worth about $343,760,000. Clearbridge Investments LLC lifted its position in shares of Aptiv by 3.1% during the first quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock valued at $343,728,000 after buying an additional 131,431 shares during the last quarter. Finally, EdgePoint Investment Group Inc. bought a new stake in shares of Aptiv in the 1st quarter valued at about $335,426,000. Institutional investors own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of Aptiv from $85.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Citigroup lowered their price objective on Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Robert W. Baird reduced their target price on Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Nomura Securities upgraded Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Aptiv from $104.00 to $107.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.13.

Aptiv Trading Up 0.6 %

Shares of NYSE:APTV opened at $70.39 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. Aptiv PLC has a 12-month low of $63.62 and a 12-month high of $98.28. The business has a 50 day moving average of $69.98 and a two-hundred day moving average of $73.09. The company has a market capitalization of $19.15 billion, a PE ratio of 6.63, a PEG ratio of 0.65 and a beta of 1.79.

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

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.