TCW Group Inc. Makes New $871,000 Investment in Aptiv PLC (NYSE:APTV)

TCW Group Inc. purchased a new position in Aptiv PLC (NYSE:APTV) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,404 shares of the auto parts company’s stock, valued at approximately $871,000.

A number of other large investors have also modified their holdings of the stock. Fisher Funds Management LTD acquired a new position in Aptiv during the 4th quarter worth $1,444,000. First Horizon Advisors Inc. boosted its stake in shares of Aptiv by 11.4% in the 4th quarter. First Horizon Advisors Inc. now owns 5,160 shares of the auto parts company’s stock valued at $312,000 after buying an additional 528 shares during the period. Ieq Capital LLC grew its position in shares of Aptiv by 123.9% during the fourth quarter. Ieq Capital LLC now owns 13,553 shares of the auto parts company’s stock worth $820,000 after buying an additional 7,501 shares in the last quarter. Bryn Mawr Capital Management LLC increased its stake in shares of Aptiv by 240.8% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 18,302 shares of the auto parts company’s stock worth $1,107,000 after buying an additional 12,931 shares during the period. Finally, Kornitzer Capital Management Inc. KS raised its holdings in Aptiv by 30.3% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 158,297 shares of the auto parts company’s stock valued at $9,574,000 after acquiring an additional 36,825 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

APTV has been the subject of several analyst reports. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and boosted their price target for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. TD Cowen dropped their target price on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Guggenheim restated a “buy” rating and issued a $73.00 price target on shares of Aptiv in a research note on Thursday, December 5th. Evercore ISI lowered their price objective on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Finally, Royal Bank of Canada raised their target price on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.61.

Aptiv Price Performance

Shares of APTV opened at $66.78 on Tuesday. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 0.63 and a beta of 1.74. The firm has a 50-day simple moving average of $62.20 and a 200-day simple moving average of $63.93. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, equities research analysts anticipate that Aptiv PLC will post 7.2 earnings per share 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.