Envestnet Asset Management Inc. Acquires 15,849 Shares of Aptiv PLC (NYSE:APTV)

Envestnet Asset Management Inc. boosted its stake in shares of Aptiv PLC (NYSE:APTV) by 5.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,652 shares of the auto parts company’s stock after buying an additional 15,849 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.13% of Aptiv worth $18,067,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Mather Group LLC. lifted its stake in shares of Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 385 shares during the period. Versant Capital Management Inc raised its holdings in Aptiv by 201.7% during the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 470 shares in the last quarter. UMB Bank n.a. purchased a new position in shares of Aptiv during the first quarter worth approximately $48,000. Blue Trust Inc. boosted its position in shares of Aptiv by 48.4% during the 1st quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company’s stock worth $74,000 after purchasing an additional 406 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Aptiv by 164.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company’s stock worth $81,000 after buying an additional 848 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Up 0.2%

Shares of APTV stock opened at $70.26 on Friday. The company’s fifty day simple moving average is $68.39 and its two-hundred day simple moving average is $63.21. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83. The stock has a market cap of $15.30 billion, a P/E ratio of 11.63, a PEG ratio of 0.78 and a beta of 1.46. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $80.95.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $1.16 earnings per share. Analysts predict that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on APTV. Robert W. Baird set a $82.00 target price on shares of Aptiv and gave the stock an “outperform” rating in a research report on Friday, July 11th. Piper Sandler set a $70.00 price target on Aptiv and gave the company a “neutral” rating in a report on Thursday, May 22nd. Wall Street Zen raised Aptiv to a “hold” rating in a research note on Saturday, June 21st. Royal Bank Of Canada lifted their target price on Aptiv from $60.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Finally, Bank of America lifted their price target on Aptiv from $80.00 to $85.00 and gave the company a “buy” rating in a report on Monday, June 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.63.

About Aptiv

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.