Neuberger Berman Group LLC Acquires 59,440 Shares of Aptiv PLC (NYSE:APTV)

Neuberger Berman Group LLC grew its holdings in shares of Aptiv PLC (NYSE:APTV) by 19.2% in the first quarter, HoldingsChannel reports. The fund owned 369,000 shares of the auto parts company’s stock after purchasing an additional 59,440 shares during the quarter. Neuberger Berman Group LLC’s holdings in Aptiv were worth $21,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Middleton & Co. Inc. MA grew its position in shares of Aptiv by 63.1% during the 1st quarter. Middleton & Co. Inc. MA now owns 33,668 shares of the auto parts company’s stock valued at $2,003,000 after acquiring an additional 13,026 shares during the period. Principal Financial Group Inc. grew its position in shares of Aptiv by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company’s stock valued at $16,826,000 after acquiring an additional 9,552 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Aptiv by 89.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company’s stock valued at $1,333,000 after acquiring an additional 10,585 shares during the period. GAMMA Investing LLC grew its position in shares of Aptiv by 348.2% during the 1st quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company’s stock valued at $164,000 after acquiring an additional 2,138 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Aptiv by 5.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 303,652 shares of the auto parts company’s stock valued at $18,067,000 after acquiring an additional 15,849 shares during the period. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Up 4.1%

Shares of NYSE APTV opened at $74.67 on Thursday. The firm’s 50-day moving average price is $68.91 and its 200-day moving average price is $64.14. 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 $16.26 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 0.80 and a beta of 1.48. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $75.41.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on APTV shares. Bank of America upped their target price on shares of Aptiv from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, June 16th. Wolfe Research downgraded shares of Aptiv from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 2nd. Wells Fargo & Company upped their target price on shares of Aptiv from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Oppenheimer reaffirmed an “outperform” rating and issued a $88.00 target price (up previously from $84.00) on shares of Aptiv in a report on Monday, August 4th. Finally, Royal Bank Of Canada upped their target price on shares of Aptiv from $85.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.81.

Aptiv Company Profile

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.