Deutsche Bank AG Increases Stock Position in Aptiv PLC (NYSE:APTV)

Deutsche Bank AG boosted its stake in shares of Aptiv PLC (NYSE:APTV) by 13.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 816,241 shares of the auto parts company’s stock after acquiring an additional 96,022 shares during the quarter. Deutsche Bank AG’s holdings in Aptiv were worth $128,420,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. AMF Pensionsforsakring AB boosted its stake in Aptiv by 24.7% during the second quarter. AMF Pensionsforsakring AB now owns 191,149 shares of the auto parts company’s stock worth $30,073,000 after buying an additional 37,867 shares during the period. Vantage Consulting Group Inc boosted its stake in Aptiv by 38.1% during the second quarter. Vantage Consulting Group Inc now owns 2,440 shares of the auto parts company’s stock worth $384,000 after buying an additional 673 shares during the period. People s United Financial Inc. boosted its stake in Aptiv by 5.9% during the second quarter. People s United Financial Inc. now owns 2,046 shares of the auto parts company’s stock worth $322,000 after buying an additional 114 shares during the period. Panagora Asset Management Inc. boosted its stake in Aptiv by 460.0% during the second quarter. Panagora Asset Management Inc. now owns 293,654 shares of the auto parts company’s stock worth $46,201,000 after buying an additional 241,219 shares during the period. Finally, Westpac Banking Corp purchased a new position in Aptiv during the second quarter worth about $3,520,000. 89.34% of the stock is owned by institutional investors.

In related news, CEO Kevin P. Clark sold 5,830 shares of Aptiv stock in a transaction on Tuesday, July 13th. The shares were sold at an average price of $157.41, for a total value of $917,700.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.45% of the company’s stock.

Several analysts have recently issued reports on the stock. Jefferies Financial Group reduced their price target on shares of Aptiv from $190.00 to $184.00 and set a “buy” rating on the stock in a research report on Monday. Oppenheimer increased their price target on shares of Aptiv from $171.00 to $179.00 and gave the stock an “outperform” rating in a research report on Friday, August 6th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Aptiv from $169.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, August 6th. Morgan Stanley increased their price target on shares of Aptiv from $205.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 10th. Finally, Barclays increased their price target on shares of Aptiv from $164.00 to $174.00 and gave the stock an “overweight” rating in a research report on Friday, August 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $158.00.

Shares of APTV opened at $145.17 on Thursday. The company has a current ratio of 2.06, a quick ratio of 1.60 and a debt-to-equity ratio of 0.47. The firm has a market cap of $39.27 billion, a PE ratio of 39.66, a price-to-earnings-growth ratio of 3.60 and a beta of 2.10. The company’s 50 day simple moving average is $155.90 and its 200-day simple moving average is $150.27. Aptiv PLC has a 12-month low of $82.12 and a 12-month high of $170.47.

Aptiv (NYSE:APTV) last announced its earnings results on Wednesday, August 4th. The auto parts company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.07). The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Aptiv had a return on equity of 13.68% and a net margin of 6.72%. The business’s revenue was up 94.2% on a year-over-year basis. During the same quarter last year, the business posted ($1.10) earnings per share. As a group, equities research analysts forecast that Aptiv PLC will post 3.79 EPS for the current fiscal year.

Aptiv Profile

Aptiv Plc engages in the design, development, and manufacture of vehicle components. The firm also provides electrical, electronic, and safety technology solutions to the global automotive and commercial vehicle markets. It operates through the following business segments: Signal and Power Solutions, Advanced Safety and User Experience, and Eliminations and Other.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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