Mirabella Financial Services LLP Grows Stock Holdings in Aptiv PLC (NYSE:APTV)

Mirabella Financial Services LLP grew its stake in shares of Aptiv PLC (NYSE:APTV) by 184.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,650 shares of the auto parts company’s stock after acquiring an additional 24,432 shares during the period. Mirabella Financial Services LLP’s holdings in Aptiv were worth $2,711,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. EdgePoint Investment Group Inc. bought a new stake in Aptiv during the 1st quarter worth approximately $335,426,000. Massachusetts Financial Services Co. MA grew its position in shares of Aptiv by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after purchasing an additional 1,764,844 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of 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 worth $529,212,000 after purchasing an additional 905,431 shares during the period. Mizuho Securities USA LLC raised its position in shares of Aptiv by 3,679.1% in the third quarter. Mizuho Securities USA LLC now owns 792,581 shares of the auto parts company’s stock worth $57,074,000 after buying an additional 771,608 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Aptiv by 1,368.6% during the third quarter. SG Americas Securities LLC now owns 414,273 shares of the auto parts company’s stock valued at $29,832,000 after buying an additional 386,064 shares during the period. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Up 1.9 %

Shares of Aptiv stock opened at $54.38 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $91.66. The company’s 50 day moving average price is $65.09 and its 200-day moving average price is $70.34. The stock has a market capitalization of $12.78 billion, a price-to-earnings ratio of 6.07, a P/E/G ratio of 0.55 and a beta of 1.81.

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 analysts’ consensus estimates 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 net margin of 12.29% and a return on equity of 14.51%. The company’s revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 EPS. Equities research analysts forecast that Aptiv PLC will post 6.15 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on APTV. JPMorgan Chase & Co. upped their price objective on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Guggenheim lowered their price objective on shares of Aptiv from $87.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday. Wolfe Research started coverage on shares of Aptiv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 target price for the company. Royal Bank of Canada lowered their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Oppenheimer dropped their price target on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average price target of $85.29.

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.