ProShare Advisors LLC Purchases 6,251 Shares of Aptiv PLC (NYSE:APTV)

ProShare Advisors LLC grew its position in shares of Aptiv PLC (NYSE:APTV) by 18.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,455 shares of the auto parts company’s stock after purchasing an additional 6,251 shares during the quarter. ProShare Advisors LLC’s holdings in Aptiv were worth $4,426,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its position in Aptiv by 5.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,839 shares of the auto parts company’s stock valued at $1,657,000 after purchasing an additional 732 shares during the period. Panagora Asset Management Inc. boosted its holdings in Aptiv by 127.8% during the 1st quarter. Panagora Asset Management Inc. now owns 10,798 shares of the auto parts company’s stock worth $1,293,000 after acquiring an additional 6,057 shares during the last quarter. Synovus Financial Corp boosted its holdings in Aptiv by 15.0% during the 1st quarter. Synovus Financial Corp now owns 3,395 shares of the auto parts company’s stock worth $406,000 after acquiring an additional 443 shares during the last quarter. Cibc World Market Inc. boosted its holdings in Aptiv by 25.4% during the 1st quarter. Cibc World Market Inc. now owns 5,600 shares of the auto parts company’s stock worth $670,000 after acquiring an additional 1,133 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Aptiv by 32.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,239 shares of the auto parts company’s stock worth $268,000 after acquiring an additional 551 shares during the last quarter. Institutional investors own 89.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on APTV shares. Wells Fargo & Company lifted their price objective on shares of Aptiv from $108.00 to $112.00 and gave the stock an “equal weight” rating in a report on Friday, August 4th. Oppenheimer boosted their price target on shares of Aptiv from $146.00 to $149.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Bank of America raised shares of Aptiv from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $130.00 to $140.00 in a report on Thursday, July 6th. UBS Group began coverage on shares of Aptiv in a report on Tuesday, September 12th. They issued a “buy” rating and a $143.00 price target on the stock. Finally, Citigroup boosted their price target on shares of Aptiv from $155.00 to $162.00 in a report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.13.

Aptiv Trading Down 1.0 %

Shares of APTV opened at $101.39 on Tuesday. The business’s 50-day moving average price is $104.13 and its 200-day moving average price is $102.89. Aptiv PLC has a twelve month low of $77.96 and a twelve month high of $124.88. The stock has a market cap of $28.67 billion, a PE ratio of 30.82, a P/E/G ratio of 1.19 and a beta of 2.05. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.69.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.22. Aptiv had a return on equity of 14.89% and a net margin of 4.95%. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $4.72 billion. On average, equities analysts forecast that Aptiv PLC will post 4.74 EPS for the current fiscal year.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segments, Signal and Power Solutions, and Advanced Safety and User Experience.