Dimensional Fund Advisors LP Raises Stake in Aptiv PLC $APTV

Dimensional Fund Advisors LP increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 1.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,559,767 shares of the auto parts company’s stock after purchasing an additional 27,043 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Aptiv were worth $177,695,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of APTV. NewEdge Advisors LLC increased its position in shares of Aptiv by 502.1% in the first quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock worth $926,000 after acquiring an additional 12,973 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Aptiv by 439.2% during the 1st quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock valued at $4,528,000 after acquiring an additional 61,994 shares in the last quarter. Focus Partners Wealth boosted its position in Aptiv by 110.7% during the 1st quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock worth $566,000 after purchasing an additional 4,998 shares during the period. Geneos Wealth Management Inc. boosted its position in Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 398 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Aptiv by 523.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,561 shares of the auto parts company’s stock valued at $175,000 after purchasing an additional 2,150 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

APTV opened at $56.56 on Friday. Aptiv PLC has a twelve month low of $51.68 and a twelve month high of $88.93. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 33.47, a PEG ratio of 1.05 and a beta of 1.46. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98. The company has a fifty day simple moving average of $61.80 and a 200 day simple moving average of $67.82.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.69 EPS. Equities research analysts expect that Aptiv PLC will post 5.93 EPS for the current fiscal year.

Insider Activity

In other news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total transaction of $156,600.00. Following the sale, the executive vice president directly owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on APTV shares. Oppenheimer cut their price objective on Aptiv from $106.00 to $84.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Argus decreased their target price on Aptiv from $99.00 to $69.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft increased their target price on Aptiv from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Wall Street Zen downgraded Aptiv from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Robert W. Baird reduced their price target on Aptiv from $105.00 to $74.00 and set an “outperform” rating on the stock in a research report on Thursday, April 2nd. Twenty-two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $82.50.

Aptiv Company Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.