V Square Quantitative Management LLC Purchases 2,593 Shares of Aptiv PLC (NYSE:APTV)

V Square Quantitative Management LLC grew its position in Aptiv PLC (NYSE:APTV) by 42.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,694 shares of the auto parts company’s stock after buying an additional 2,593 shares during the period. V Square Quantitative Management LLC’s holdings in Aptiv were worth $626,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Riverview Trust Co acquired a new stake in Aptiv in the first quarter valued at approximately $25,000. Independence Bank of Kentucky purchased a new stake in shares of Aptiv during the 2nd quarter valued at $25,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of Aptiv in the 1st quarter worth $28,000. Clearstead Trust LLC boosted its position in shares of Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 305 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in Aptiv during the 1st quarter worth $33,000. 94.21% of the stock is currently owned by institutional investors.

Aptiv Trading Up 2.7 %

Aptiv stock opened at $71.76 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. The firm has a market cap of $19.52 billion, a PE ratio of 6.76, a P/E/G ratio of 0.65 and a beta of 1.79. The stock’s 50 day simple moving average is $70.08 and its two-hundred day simple moving average is $73.02. Aptiv PLC has a 12 month low of $63.62 and a 12 month high of $93.41.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the prior year, the firm posted $1.25 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Analysts anticipate that Aptiv PLC will post 6.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on APTV. Barclays decreased their price target on Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Oppenheimer reissued an “outperform” rating and set a $145.00 target price on shares of Aptiv in a research report on Tuesday, July 9th. Citigroup decreased their price target on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 12th. Finally, Piper Sandler downgraded shares of Aptiv from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $78.00 to $63.00 in a research note on Wednesday, June 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $95.13.

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.