Eventide Asset Management LLC Buys 240 Shares of Aptiv PLC (NYSE:APTV)

Eventide Asset Management LLC grew its stake in Aptiv PLC (NYSE:APTV) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,021 shares of the auto parts company’s stock after acquiring an additional 240 shares during the period. Eventide Asset Management LLC owned 0.11% of Aptiv worth $18,076,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of APTV. Independence Bank of Kentucky purchased a new stake in shares of Aptiv in the 2nd quarter worth approximately $25,000. Crewe Advisors LLC increased its stake in shares of Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 215 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 409 shares during the period. Wolff Wiese Magana LLC increased its stake 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 acquiring an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in Aptiv during the second quarter valued at $38,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Up 0.4 %

APTV stock opened at $55.52 on Friday. The company has a fifty day moving average price of $63.97 and a 200 day moving average price of $69.76. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $91.66. The company has a market cap of $13.05 billion, a price-to-earnings ratio of 6.20, a price-to-earnings-growth ratio of 0.56 and a beta of 1.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. The company had revenue of $4.85 billion for 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%. Aptiv’s revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 EPS. Sell-side analysts expect that Aptiv PLC will post 6.15 earnings per share for the current year.

Analyst Ratings Changes

APTV has been the topic of several analyst reports. Oppenheimer dropped their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their target price on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wolfe Research initiated coverage on shares of Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price target for the company. Robert W. Baird dropped their price target on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Bank of America dropped their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.