UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 5,002,090 Shares of Aptiv PLC (NYSE:APTV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Aptiv PLC (NYSE:APTV) by 1,390.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,361,795 shares of the auto parts company’s stock after purchasing an additional 5,002,090 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 2.28% of Aptiv worth $386,103,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Independence Bank of Kentucky bought a new stake in shares of Aptiv in the 2nd quarter worth approximately $25,000. Crewe Advisors LLC raised its holdings in shares of Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares during the period. Brown Brothers Harriman & Co. raised its holdings in shares of Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares during the period. Wolff Wiese Magana LLC grew its stake in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in Aptiv in the 2nd quarter valued at approximately $38,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Up 0.4 %

Shares of NYSE:APTV opened at $55.52 on Friday. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $91.66. The firm has a fifty day moving average of $63.97 and a 200 day moving average of $69.76. The firm has a market capitalization of $13.05 billion, a PE ratio of 6.20, a price-to-earnings-growth ratio of 0.58 and a beta of 1.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.30 earnings per share. As a group, research analysts anticipate that Aptiv PLC will post 6.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Aptiv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price objective for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Oppenheimer reduced their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Nomura Securities upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.29.

About Aptiv

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.