Aptiv PLC (NYSE:APTV) Stake Boosted by Empowered Funds LLC

Empowered Funds LLC increased its position in Aptiv PLC (NYSE:APTV) by 6.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 6,404 shares of the auto parts company’s stock after acquiring an additional 375 shares during the period. Empowered Funds LLC’s holdings in Aptiv were worth $461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wolff Wiese Magana LLC boosted its stake in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares in the last quarter. Signaturefd LLC raised its stake in Aptiv by 6.2% during the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after buying an additional 156 shares during the period. Mather Group LLC. raised its holdings in Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after buying an additional 176 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Aptiv by 16.8% during the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after buying an additional 176 shares in the last quarter. Finally, Crewe Advisors LLC boosted its stake in shares of Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after buying an additional 215 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Up 1.9 %

Shares of APTV opened at $54.38 on Monday. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $91.66. The stock has a market cap of $12.78 billion, a PE ratio of 6.07, a P/E/G ratio of 0.48 and a beta of 1.81. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The business’s 50-day moving average price is $65.09 and its 200-day moving average price is $70.34.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the prior year, the company posted $1.30 EPS. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, equities analysts forecast that Aptiv PLC will post 6.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on APTV shares. TD Cowen decreased their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Bank of America cut their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Barclays reduced their price target on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Royal Bank of Canada lowered their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, StockNews.com initiated coverage on shares of Aptiv in a research report on Tuesday, November 19th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and a consensus 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.