Raiffeisen Bank International AG boosted its position in Aptiv PLC (NYSE:APTV – Free Report) by 31.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,647 shares of the auto parts company’s stock after purchasing an additional 32,282 shares during the period. Raiffeisen Bank International AG’s holdings in Aptiv were worth $7,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of the business. Shayne & Jacobs LLC grew its holdings in shares of Aptiv by 105.2% in the first quarter. Shayne & Jacobs LLC now owns 54,750 shares of the auto parts company’s stock worth $3,802,000 after purchasing an additional 28,070 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Aptiv by 6.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 479,758 shares of the auto parts company’s stock valued at $37,632,000 after buying an additional 28,061 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Aptiv by 36.5% during the 4th quarter. HighTower Advisors LLC now owns 427,755 shares of the auto parts company’s stock valued at $32,548,000 after buying an additional 114,396 shares in the last quarter. Swedbank AB boosted its position in Aptiv by 25.1% in the 4th quarter. Swedbank AB now owns 485,357 shares of the auto parts company’s stock valued at $36,931,000 after buying an additional 97,289 shares during the period. Finally, Pacer Advisors Inc. grew its stake in Aptiv by 53.2% in the 4th quarter. Pacer Advisors Inc. now owns 2,213,657 shares of the auto parts company’s stock worth $168,437,000 after acquiring an additional 768,630 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.
Aptiv Price Performance
Shares of APTV opened at $46.55 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.33 and a current ratio of 2.02. The company has a 50 day moving average price of $53.52 and a 200-day moving average price of $61.27. Aptiv PLC has a fifty-two week low of $44.52 and a fifty-two week high of $88.93. The stock has a market capitalization of $9.67 billion, a PE ratio of 43.92, a PEG ratio of 0.87 and a beta of 1.45.
Wall Street Analysts Forecast Growth
APTV has been the topic of a number of research reports. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft cut Aptiv from a “buy” rating to a “hold” rating and set a $56.00 price objective on the stock. in a research note on Wednesday, August 5th. Wells Fargo & Company reduced their price objective on Aptiv from $77.00 to $66.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Zacks Research lowered Aptiv from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Finally, Wall Street Zen downgraded Aptiv from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Nineteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $76.50.
View Our Latest Stock Analysis on APTV
About Aptiv
Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.
Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.
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