Cinctive Capital Management LP Raises Holdings in Aptiv PLC (NYSE:APTV)

Cinctive Capital Management LP increased its stake in shares of Aptiv PLC (NYSE:APTV) by 23.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,304 shares of the auto parts company’s stock after purchasing an additional 18,504 shares during the quarter. Cinctive Capital Management LP’s holdings in Aptiv were worth $7,007,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APTV. Independence Bank of Kentucky acquired a new stake in Aptiv in the second quarter valued at approximately $25,000. Crewe Advisors LLC increased its holdings in shares of Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 215 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of 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 acquiring an additional 409 shares in the last quarter. Wolff Wiese Magana LLC boosted its stake in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in Aptiv during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

Shares of Aptiv stock opened at $55.53 on Monday. The firm has a market cap of $13.05 billion, a PE ratio of 6.20, a P/E/G ratio of 0.56 and a beta of 1.81. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $91.66. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The business has a 50-day moving average price of $63.69 and a 200 day moving average price of $69.39.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on APTV. TD Cowen decreased their price target on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. StockNews.com started coverage on Aptiv in a research report on Wednesday, November 27th. They set a “hold” rating for the company. Bank of America dropped their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. JPMorgan Chase & Co. raised their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $85.29.

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.