Federated Hermes Inc. Makes New $112,000 Investment in Aptiv PLC (NYSE:APTV)

Federated Hermes Inc. bought a new position in shares of Aptiv PLC (NYSE:APTV) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,877 shares of the auto parts company’s stock, valued at approximately $112,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APTV. AustralianSuper Pty Ltd acquired a new position in shares of Aptiv during the first quarter valued at about $117,260,000. Pacer Advisors Inc. raised its position in shares of Aptiv by 5,379.7% during the first quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company’s stock valued at $113,489,000 after buying an additional 1,872,571 shares during the last quarter. Paloma Partners Management Co raised its position in shares of Aptiv by 968.7% during the fourth quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company’s stock valued at $55,007,000 after buying an additional 824,400 shares during the last quarter. Cartenna Capital LP acquired a new position in shares of Aptiv during the fourth quarter valued at about $26,776,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Aptiv by 20.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,541,024 shares of the auto parts company’s stock valued at $153,674,000 after buying an additional 433,857 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Price Performance

Shares of Aptiv stock opened at $66.85 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $14.56 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 0.75 and a beta of 1.48. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $75.41. The firm’s 50-day moving average price is $68.61 and its two-hundred day moving average price is $63.99.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. Aptiv’s revenue was up 3.1% compared to the same quarter last year. On average, equities analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on APTV. Morgan Stanley cut their price objective on shares of Aptiv from $60.00 to $55.00 and set an “underweight” rating for the company in a research report on Monday, May 19th. Guggenheim lowered shares of Aptiv from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 4th. Wall Street Zen raised shares of Aptiv to a “hold” rating in a research report on Saturday, June 21st. Piper Sandler set a $70.00 target price on shares of Aptiv and gave the company a “neutral” rating in a research note on Thursday, May 22nd. Finally, Bank of America upped their target price on shares of Aptiv from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, June 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $81.50.

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.