Brooklyn Investment Group Takes Position in Aptiv PLC (NYSE:APTV)

Brooklyn Investment Group bought a new stake in Aptiv PLC (NYSE:APTV) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 603 shares of the auto parts company’s stock, valued at approximately $43,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APTV. B. Riley Wealth Advisors Inc. increased its position in Aptiv by 18.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 2,788 shares of the auto parts company’s stock worth $222,000 after purchasing an additional 440 shares during the period. Tidal Investments LLC increased its position in Aptiv by 19.7% in the first quarter. Tidal Investments LLC now owns 17,748 shares of the auto parts company’s stock worth $1,414,000 after purchasing an additional 2,919 shares during the period. Virtu Financial LLC acquired a new stake in Aptiv in the first quarter worth about $605,000. Cetera Investment Advisers increased its position in Aptiv by 196.5% in the first quarter. Cetera Investment Advisers now owns 32,763 shares of the auto parts company’s stock worth $2,610,000 after purchasing an additional 21,712 shares during the period. Finally, Cetera Advisors LLC acquired a new stake in Aptiv in the first quarter worth about $383,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on APTV. Wolfe Research began coverage on Aptiv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price objective for the company. Barclays reduced their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Guggenheim reduced their target price on Aptiv from $87.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Two investment 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.29.

Aptiv Stock Down 0.0 %

Shares of Aptiv stock opened at $55.50 on Friday. The business’s 50 day simple moving average is $63.69 and its 200 day simple moving average is $69.57. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $91.66. The firm has a market cap of $13.04 billion, a PE ratio of 6.19, a P/E/G 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 earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the firm earned $1.30 EPS. Aptiv’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, analysts predict that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

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.