SRS Capital Advisors Inc. Increases Stake in Aptiv PLC (NYSE:APTV)

SRS Capital Advisors Inc. raised its position in Aptiv PLC (NYSE:APTV) by 93.1% in the 4th quarter, Holdings Channel reports. The fund owned 1,904 shares of the auto parts company’s stock after acquiring an additional 918 shares during the period. SRS Capital Advisors Inc.’s holdings in Aptiv were worth $115,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in APTV. Asahi Life Asset Management CO. LTD. boosted its holdings in Aptiv by 16.4% in the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 6,030 shares of the auto parts company’s stock valued at $365,000 after purchasing an additional 850 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Aptiv in the fourth quarter valued at approximately $4,181,000. Mn Services Vermogensbeheer B.V. grew its holdings in Aptiv by 1.8% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 110,400 shares of the auto parts company’s stock worth $6,677,000 after acquiring an additional 1,900 shares during the period. Bryn Mawr Capital Management LLC grew its holdings in Aptiv by 16.7% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 6,269 shares of the auto parts company’s stock worth $379,000 after acquiring an additional 898 shares during the period. Finally, Illinois Municipal Retirement Fund raised its position in Aptiv by 30.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 38,189 shares of the auto parts company’s stock worth $2,310,000 after acquiring an additional 8,863 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on APTV. Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. Royal Bank of Canada upped their target price on shares of Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Guggenheim reiterated a “buy” rating and set a $73.00 price target on shares of Aptiv in a research report on Thursday, December 5th. HSBC raised Aptiv from a “hold” rating to a “buy” rating and boosted their price target for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. Finally, Barclays lifted their price objective on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.61.

Aptiv Price Performance

APTV stock opened at $65.13 on Thursday. The stock has a 50-day moving average price of $63.11 and a two-hundred day moving average price of $63.81. The company has a market cap of $14.94 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $85.56.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, research analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Aptiv 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.