Aptiv PLC (NYSE:APTV) Shares Acquired by Readystate Asset Management LP

Readystate Asset Management LP boosted its position in shares of Aptiv PLC (NYSE:APTV) by 95.9% in the third quarter, Holdings Channel.com reports. The firm owned 7,578 shares of the auto parts company’s stock after acquiring an additional 3,710 shares during the period. Readystate Asset Management LP’s holdings in Aptiv were worth $546,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new position in Aptiv during the 2nd quarter worth $25,000. Brown Brothers Harriman & Co. grew its holdings in Aptiv by 1,410.3% during the 3rd 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 in the last quarter. Crewe Advisors LLC grew its holdings in Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 215 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in Aptiv by 44.3% during the 3rd 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 in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in Aptiv during the 2nd quarter worth $38,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APTV has been the subject of several recent analyst reports. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $78.00 to $87.00 in a report on Friday, September 20th. Morgan Stanley reduced their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. raised their price target on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada reduced their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Two 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $85.29.

Aptiv Stock Up 0.9 %

Aptiv stock opened at $56.91 on Friday. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 0.56 and a beta of 1.78. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average price is $62.46 and its two-hundred day moving average price is $68.85. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $91.66.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.68 by $0.15. The firm 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 quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.30 EPS. On average, analysts expect that Aptiv PLC will post 6.15 EPS for the current fiscal year.

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.