Hotchkis & Wiley Capital Management LLC Increases Stock Position in Aptiv PLC (NYSE:APTV)

Hotchkis & Wiley Capital Management LLC increased its stake in Aptiv PLC (NYSE:APTV) by 18.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,488,395 shares of the auto parts company’s stock after purchasing an additional 388,045 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in Aptiv were worth $179,189,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of APTV. Massachusetts Financial Services Co. MA increased its position in Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after purchasing an additional 1,764,844 shares during the last quarter. FMR LLC raised its stake in shares of Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after purchasing an additional 1,294,670 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Aptiv by 13.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after buying an additional 905,431 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 during the last quarter. Finally, Mirova US LLC grew its position in shares of Aptiv by 1.8% during the second quarter. Mirova US LLC now owns 2,667,362 shares of the auto parts company’s stock worth $187,836,000 after buying an additional 48,393 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Performance

Shares of Aptiv stock opened at $56.07 on Tuesday. The stock has a market cap of $13.18 billion, a price-to-earnings ratio of 6.26, a P/E/G ratio of 0.56 and a beta of 1.78. The company’s fifty day moving average is $63.38 and its 200 day moving average is $69.20. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $91.66.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. Sell-side analysts forecast that Aptiv PLC will post 6.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on APTV. Royal Bank of Canada lowered their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Bank of America cut their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Oppenheimer lowered their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. TD Cowen dropped their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Morgan Stanley dropped their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.