John G Ullman & Associates Inc. Acquires 7,500 Shares of Aptiv PLC (NYSE:APTV)

John G Ullman & Associates Inc. increased its stake in Aptiv PLC (NYSE:APTV) by 80.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,850 shares of the auto parts company’s stock after acquiring an additional 7,500 shares during the period. John G Ullman & Associates Inc.’s holdings in Aptiv were worth $1,213,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in APTV. Independence Bank of Kentucky purchased a new position in shares of Aptiv in the 2nd quarter worth approximately $25,000. Crewe Advisors LLC increased its position in Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 215 shares during the last quarter. Wolff Wiese Magana LLC increased its position in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 155 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Aptiv in the second quarter valued at $38,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Aptiv in the 3rd quarter worth about $43,000. 94.21% of the stock is owned by institutional investors.

Aptiv Price Performance

APTV opened at $52.59 on Thursday. The firm has a market capitalization of $12.36 billion, a PE ratio of 5.87, a price-to-earnings-growth ratio of 0.46 and a beta of 1.81. 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’s 50-day moving average is $65.65 and its two-hundred day moving average is $70.85. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $91.66.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the previous year, the business posted $1.30 EPS. Aptiv’s revenue was down 5.1% on a year-over-year basis. Research analysts anticipate that Aptiv PLC will post 6.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on APTV. Wolfe Research initiated coverage on shares of Aptiv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price objective on the stock. Wells Fargo & Company raised Aptiv from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $78.00 to $87.00 in a research note on Friday, September 20th. Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Bank of America cut their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. lifted their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.53.

Aptiv 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.