Aptiv PLC $APTV Shares Newly Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. bought a new position in shares of Aptiv PLC (NYSE:APTV) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 23,768 shares of the auto parts company’s stock, valued at approximately $1,031,000.

Other large investors also recently added to or reduced their stakes in the company. Provenance Wealth Advisors LLC boosted its position in shares of Aptiv by 9,171.4% during the third quarter. Provenance Wealth Advisors LLC now owns 649 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 642 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Aptiv during the third quarter valued at $2,324,000. ProShare Advisors LLC increased its holdings in Aptiv by 10.0% in the 3rd quarter. ProShare Advisors LLC now owns 39,170 shares of the auto parts company’s stock valued at $1,685,000 after acquiring an additional 3,572 shares during the last quarter. Vise Technologies Inc. bought a new stake in Aptiv in the 3rd quarter valued at $330,000. Finally, MGO One Seven LLC bought a new stake in Aptiv in the 3rd quarter valued at $221,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Performance

Aptiv stock opened at $39.48 on Friday. The company’s 50-day moving average price is $44.13 and its 200-day moving average price is $58.97. The company has a quick ratio of 1.33, a current ratio of 1.97 and a debt-to-equity ratio of 0.61. The company has a market cap of $7.99 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 0.77 and a beta of 1.43. Aptiv PLC has a twelve month low of $39.40 and a twelve month high of $88.93.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.17 billion. Aptiv had a net margin of 4.60% and a return on equity of 15.44%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.17 EPS. On average, equities research analysts forecast that Aptiv PLC will post 5.64 EPS for the current fiscal year.

Key Headlines Impacting Aptiv

Here are the key news stories impacting Aptiv this week:

• Positive Sentiment: Aptiv said it is accelerating its robotics expansion with industry partners, a potential opportunity to broaden growth beyond its core automotive business. Aptiv: Accelerates Robotics Expansion With Industry Partners
• Positive Sentiment: Citigroup lowered its price target to $68 from $77 but maintained a Buy rating; the new target implies 72.2% upside from the cited share price. This signals continued optimism, although the reduced target reflects a more cautious valuation. Citigroup stock recommendations
• Neutral Sentiment: Wall Street analysts are described as moderately optimistic despite Aptiv’s substantial underperformance versus the broader market over the past year. Are Wall Street Analysts Predicting Aptiv Stock Will Climb or Sink?
• Negative Sentiment: Several firms lowered their price targets, including Goldman Sachs, which cut its target to $54, and TD Cowen, which reduced its target to $72. Morgan Stanley and RBC also lowered targets, adding to the cautious tone around valuation. Goldman Sachs lowers Aptiv price target TD Cowen cuts Aptiv price target Morgan Stanley lowers Aptiv price target RBC lowers Aptiv price target

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on APTV shares. Royal Bank Of Canada cut their price objective on Aptiv from $77.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday. Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group cut their price target on Aptiv from $61.00 to $54.00 and set a “buy” rating for the company in a report on Wednesday. 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 research note on Wednesday, August 5th. Finally, Weiss Ratings cut Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.02.

Aptiv Profile

Aptiv plc is a global automotive technology supplier that develops software, electrical systems and components for vehicle manufacturers. Its products and services support vehicle connectivity, safety, electrification and automation.

The company’s offerings include vehicle electrical architectures, wiring and connection systems, advanced driver-assistance technologies, and software and computing platforms. Aptiv serves automakers and other customers across multiple regions worldwide.

Aptiv took its current name in 2017, when Delphi Automotive separated its powertrain business, which became Delphi Technologies.