MBB Public Markets I LLC Takes $1.45 Million Position in Aptiv PLC (NYSE:APTV)

MBB Public Markets I LLC purchased a new position in shares of Aptiv PLC (NYSE:APTV) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 20,605 shares of the auto parts company’s stock, valued at approximately $1,451,000.

Other institutional investors have also added to or reduced their stakes in the company. TD Asset Management Inc increased its holdings in shares of Aptiv by 24.1% during the fourth quarter. TD Asset Management Inc now owns 111,706 shares of the auto parts company’s stock worth $10,022,000 after purchasing an additional 21,668 shares during the period. TFO Wealth Partners LLC raised its holdings in Aptiv by 33,533.3% in the 4th quarter. TFO Wealth Partners LLC now owns 1,009 shares of the auto parts company’s stock valued at $91,000 after acquiring an additional 1,006 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of Aptiv by 100.3% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,383 shares of the auto parts company’s stock valued at $393,000 after acquiring an additional 2,195 shares during the period. Bank of Nova Scotia grew its holdings in shares of Aptiv by 39.7% during the 4th quarter. Bank of Nova Scotia now owns 35,441 shares of the auto parts company’s stock worth $3,179,000 after purchasing an additional 10,064 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in Aptiv by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 440,123 shares of the auto parts company’s stock valued at $39,488,000 after purchasing an additional 6,509 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Stock Performance

APTV opened at $74.24 on Monday. Aptiv PLC has a 1-year low of $63.62 and a 1-year high of $100.88. The company has a market cap of $20.20 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 0.65 and a beta of 1.79. The company’s fifty day moving average price is $69.58 and its two-hundred day moving average price is $73.78. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The firm had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same period in the previous year, the company posted $1.25 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts expect that Aptiv PLC will post 6.28 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on APTV. Robert W. Baird decreased their price target on Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. UBS Group lowered their price target on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Wolfe Research initiated coverage on shares of Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price objective for the company. Morgan Stanley dropped their target price on shares of Aptiv from $70.00 to $68.00 and set an “underweight” rating on the stock in a report on Wednesday, September 25th. Finally, Piper Sandler downgraded Aptiv from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $78.00 to $63.00 in a report on Wednesday, June 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.31.

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.