Point72 Asia Singapore Pte. Ltd. Invests $989,000 in Aptiv PLC (NYSE:APTV)

Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Aptiv PLC (NYSE:APTV) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,736 shares of the auto parts company’s stock, valued at approximately $989,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Verition Fund Management LLC boosted its stake in shares of Aptiv by 433.3% during the 3rd quarter. Verition Fund Management LLC now owns 34,544 shares of the auto parts company’s stock worth $2,488,000 after acquiring an additional 28,067 shares during the last quarter. Hyperion Capital Advisors LP boosted its stake in shares of Aptiv by 19.2% during the 3rd quarter. Hyperion Capital Advisors LP now owns 3,575 shares of the auto parts company’s stock worth $257,000 after acquiring an additional 575 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after acquiring an additional 5,002,090 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Aptiv by 73.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after acquiring an additional 47,215 shares during the last quarter. Finally, Providence Capital Advisors LLC raised its position in shares of Aptiv by 32.7% during the 3rd quarter. Providence Capital Advisors LLC now owns 87,115 shares of the auto parts company’s stock valued at $6,273,000 after purchasing an additional 21,458 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

Shares of APTV opened at $55.53 on Monday. The company has a 50 day moving average price of $63.69 and a 200-day moving average price of $69.39. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $91.66. The stock has a market capitalization of $13.05 billion, a PE ratio of 6.20, a PEG ratio of 0.56 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 quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.30 EPS. Equities analysts predict that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Bank of America decreased their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Nomura Securities upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Robert W. Baird decreased their price objective on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Royal Bank of Canada decreased their price objective on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and an average target price of $85.29.

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.