Figure 8 Investment Strategies LLC Acquires New Stake in Aptiv PLC (NYSE:APTV)

Figure 8 Investment Strategies LLC acquired a new stake in shares of Aptiv PLC (NYSE:APTV) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,033 shares of the auto parts company’s stock, valued at approximately $1,311,000.

A number of other large investors have also bought and sold shares of the company. Norges Bank purchased a new position in Aptiv in the 4th quarter valued at approximately $106,492,000. Pictet Asset Management Holding SA lifted its holdings in Aptiv by 1,018.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock worth $102,262,000 after purchasing an additional 1,539,724 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Aptiv by 11.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after purchasing an additional 1,517,104 shares in the last quarter. Franklin Resources Inc. boosted its stake in Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after purchasing an additional 1,408,433 shares during the period. Finally, Paloma Partners Management Co grew its holdings in Aptiv by 968.7% during the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company’s stock valued at $55,007,000 after buying an additional 824,400 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Price Performance

APTV opened at $67.01 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.61. The stock has a market capitalization of $14.59 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 0.75 and a beta of 1.47. The stock’s 50 day moving average price is $62.73 and its 200-day moving average price is $61.76. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $80.95.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the firm earned $1.16 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Ratings Changes

APTV has been the topic of a number of analyst reports. Piper Sandler set a $70.00 target price on shares of Aptiv and gave the stock a “neutral” rating in a report on Thursday, May 22nd. UBS Group boosted their price target on shares of Aptiv from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Robert W. Baird decreased their price target on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Bank of America lifted their price objective on Aptiv from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, June 16th. Finally, Guggenheim cut Aptiv from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.56.

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.