Russell Investments Group Ltd. Boosts Stake in Aptiv PLC (NYSE:APTV)

Russell Investments Group Ltd. boosted its stake in Aptiv PLC (NYSE:APTV) by 6.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 158,470 shares of the auto parts company’s stock after acquiring an additional 8,911 shares during the period. Russell Investments Group Ltd.’s holdings in Aptiv were worth $20,665,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. First Trust Advisors LP lifted its stake in Aptiv by 30.3% in the 4th quarter. First Trust Advisors LP now owns 600,919 shares of the auto parts company’s stock valued at $78,294,000 after buying an additional 139,582 shares in the last quarter. IBM Retirement Fund raised its holdings in Aptiv by 14.0% in the 4th quarter. IBM Retirement Fund now owns 9,929 shares of the auto parts company’s stock valued at $1,294,000 after acquiring an additional 1,223 shares during the last quarter. PFM Health Sciences LP raised its holdings in Aptiv by 9.5% in the 3rd quarter. PFM Health Sciences LP now owns 150,794 shares of the auto parts company’s stock valued at $13,825,000 after acquiring an additional 13,037 shares during the last quarter. Sowell Financial Services LLC raised its holdings in Aptiv by 36.0% in the 4th quarter. Sowell Financial Services LLC now owns 5,129 shares of the auto parts company’s stock valued at $668,000 after acquiring an additional 1,358 shares during the last quarter. Finally, New Mexico Educational Retirement Board raised its holdings in Aptiv by 15.7% in the 3rd quarter. New Mexico Educational Retirement Board now owns 19,900 shares of the auto parts company’s stock valued at $1,740,000 after acquiring an additional 2,700 shares during the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on APTV. Barclays boosted their price target on Aptiv from $145.00 to $160.00 in a report on Thursday, February 4th. Raymond James boosted their price target on Aptiv from $109.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 4th. TheStreet upgraded Aptiv from a “c+” rating to a “b” rating in a report on Thursday, October 29th. Argus initiated coverage on Aptiv in a report on Wednesday, December 16th. They issued a “buy” rating for the company. They noted that the move was a valuation call. Finally, Credit Suisse Group upped their price objective on Aptiv from $137.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, February 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $114.57.

Shares of NYSE APTV opened at $156.99 on Tuesday. Aptiv PLC has a 12-month low of $29.22 and a 12-month high of $159.50. The company has a market cap of $42.39 billion, a P/E ratio of 23.57, a P/E/G ratio of 3.26 and a beta of 2.25. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average price of $144.54 and a 200 day moving average price of $112.99.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Tuesday, February 2nd. The auto parts company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.12. Aptiv had a return on equity of 8.42% and a net margin of 13.94%. The firm had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the prior year, the firm earned $1.15 EPS. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, sell-side analysts forecast that Aptiv PLC will post 1.75 EPS for the current fiscal year.

About Aptiv

Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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