Washington Capital Management Inc. Acquires Shares of 5,550 Aptiv PLC (NYSE:APTV)

Washington Capital Management Inc. bought a new stake in shares of Aptiv PLC (NYSE:APTV) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,550 shares of the auto parts company’s stock, valued at approximately $336,000.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Aptiv by 1,390.6% in the third 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 in the last quarter. Harris Associates L P acquired a new stake in shares of Aptiv during the 3rd quarter valued at about $162,640,000. Point72 Asset Management L.P. bought a new stake in shares of Aptiv in the 3rd quarter valued at approximately $143,909,000. FMR LLC increased its holdings in Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after buying an additional 1,294,670 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Aptiv by 29.9% during 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 acquiring an additional 1,090,766 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APTV has been the topic of several analyst reports. Royal Bank of Canada dropped their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. StockNews.com initiated coverage on shares of Aptiv in a research report on Thursday. They set a “hold” rating on the stock. Morgan Stanley reduced their price target on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lowered their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.47.

Aptiv Price Performance

Shares of APTV stock opened at $62.72 on Thursday. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $88.89. The company has a market capitalization of $14.74 billion, a P/E ratio of 7.00, a P/E/G ratio of 0.56 and a beta of 1.75. The stock has a 50 day moving average of $59.04 and a two-hundred day moving average of $64.61. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the previous year, the company earned $1.30 earnings per share. The business’s revenue was down 5.1% compared to the same quarter last year. As a group, equities analysts expect that Aptiv PLC will post 6.15 EPS for the current year.

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.