M&T Bank Corp lifted its stake in Aptiv PLC (NYSE:APTV) by 8.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 87,667 shares of the auto parts company’s stock after purchasing an additional 6,823 shares during the quarter. M&T Bank Corp’s holdings in Aptiv were worth $6,831,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Redpoint Investment Management Pty Ltd raised its stake in shares of Aptiv by 18.8% in the second quarter. Redpoint Investment Management Pty Ltd now owns 6,037 shares of the auto parts company’s stock worth $470,000 after buying an additional 955 shares during the period. Legal & General Group Plc raised its stake in Aptiv by 4.7% during the 1st quarter. Legal & General Group Plc now owns 102,277 shares of the auto parts company’s stock valued at $9,600,000 after purchasing an additional 4,602 shares during the period. CIBC World Markets Inc. bought a new stake in Aptiv during the 1st quarter valued at approximately $1,038,000. Advisor Group Holdings Inc. bought a new stake in Aptiv during the 1st quarter valued at approximately $1,573,000. Finally, APG Asset Management N.V. raised its stake in Aptiv by 1.5% during the 1st quarter. APG Asset Management N.V. now owns 1,653,097 shares of the auto parts company’s stock valued at $81,398,000 after purchasing an additional 24,601 shares during the period. 90.10% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on APTV. UBS Group raised Aptiv from a “neutral” rating to a “buy” rating and lifted their target price for the company from $50.00 to $86.00 in a research note on Tuesday, May 19th. Morgan Stanley lifted their target price on Aptiv from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Cowen lifted their target price on Aptiv from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. Royal Bank of Canada lifted their target price on Aptiv from $78.00 to $96.00 in a research note on Thursday, June 11th. Finally, KeyCorp lifted their target price on Aptiv from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, April 13th. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $88.23.
Shares of Aptiv stock opened at $77.75 on Friday. The stock has a market cap of $19.82 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 6.85 and a beta of 2.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.89. The stock has a 50 day moving average price of $78.08 and a 200-day moving average price of $73.94. Aptiv PLC has a one year low of $29.22 and a one year high of $99.04.
Aptiv (NYSE:APTV) last announced its earnings results on Thursday, July 30th. The auto parts company reported ($1.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.43) by $0.33. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Aptiv had a return on equity of 10.10% and a net margin of 13.63%. Sell-side analysts predict that Aptiv PLC will post 1.02 earnings per share for the current fiscal year.
Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.
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