Zurcher Kantonalbank Zurich Cantonalbank Has $8.02 Million Stake in Aptiv PLC (NYSE:APTV)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Aptiv PLC (NYSE:APTV) by 73.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,401 shares of the auto parts company’s stock after buying an additional 47,215 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Aptiv were worth $8,022,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new position in shares of Aptiv during the 2nd quarter worth $25,000. Crewe Advisors LLC increased its position in Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after buying an additional 215 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Aptiv during the 2nd quarter worth about $38,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Up 0.0 %

Shares of APTV stock opened at $55.53 on Monday. Aptiv PLC has a one year low of $51.47 and a one year high of $91.66. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The stock has a fifty day moving average price of $63.69 and a 200 day moving average price of $69.39. The stock has a market cap of $13.05 billion, a P/E ratio of 6.20, a price-to-earnings-growth ratio of 0.56 and a beta of 1.81.

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

Analyst Upgrades and Downgrades

APTV has been the subject of several analyst reports. Barclays reduced their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Guggenheim reduced their price objective on shares of Aptiv from $87.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Robert W. Baird lowered their target price on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $78.00 to $87.00 in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.