Aptiv PLC $APTV Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Aptiv PLC (NYSE:APTV – Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 54,022 shares of the auto parts company’s stock, valued at approximately $2,324,000.

Several other institutional investors have also modified their holdings of APTV. ProShare Advisors LLC increased its position in shares of Aptiv by 10.0% in the third quarter. ProShare Advisors LLC now owns 39,170 shares of the auto parts company’s stock valued at $1,685,000 after buying an additional 3,572 shares in the last quarter. Vise Technologies Inc. acquired a new position in shares of Aptiv in the third quarter valued at approximately $330,000. MGO One Seven LLC acquired a new position in Aptiv in the 3rd quarter valued at $221,000. Americana Partners LLC purchased a new position in shares of Aptiv during the 3rd quarter worth $220,000. Finally, Parcion Private Wealth LLC purchased a new position in shares of Aptiv during the 3rd quarter worth $259,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Trading Down 3.4%

APTV opened at $39.48 on Friday. The firm’s fifty day moving average price is $44.13 and its 200 day moving average price is $58.97. The stock has a market capitalization of $7.99 billion, a PE ratio of 10.88, a P/E/G ratio of 0.77 and a beta of 1.43. Aptiv PLC has a 12-month low of $39.40 and a 12-month high of $88.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.97 and a quick ratio of 1.33.

Aptiv (NYSE:APTV – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Aptiv had a net margin of 4.60% and a return on equity of 15.44%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.17 earnings per share. As a group, research analysts expect that Aptiv PLC will post 5.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

APTV has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of Aptiv from $62.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. BNP Paribas Exane restated an “outperform” rating and set a $59.00 price objective (down from $63.00) on shares of Aptiv in a report on Wednesday. Citigroup dropped their price objective on Aptiv from $77.00 to $68.00 and set a “buy” rating for the company in a report on Friday. Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, August 5th. Finally, Benchmark upgraded Aptiv to a “strong-buy” rating in a report on Wednesday, September 9th. One investment 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.02.

Read Our Latest Stock Report on Aptiv

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Aptiv Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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