Sumitomo Mitsui DS Asset Management Company Ltd Buys 918 Shares of Aptiv PLC (NYSE:APTV)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Aptiv PLC (NYSE:APTV) by 2.1% during the 3rd quarter, Holdings Channel reports. The firm owned 45,414 shares of the auto parts company’s stock after buying an additional 918 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Aptiv were worth $3,270,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ellsworth Advisors LLC increased its holdings in shares of Aptiv by 2.5% during the third quarter. Ellsworth Advisors LLC now owns 22,000 shares of the auto parts company’s stock worth $1,584,000 after buying an additional 544 shares in the last quarter. Wolff Wiese Magana LLC grew its position 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 during the last quarter. Sumitomo Life Insurance Co. increased its holdings in Aptiv by 2.8% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 16,490 shares of the auto parts company’s stock valued at $1,187,000 after purchasing an additional 445 shares in the last quarter. First Pacific Financial raised its position in Aptiv by 12.4% in the 3rd quarter. First Pacific Financial now owns 7,252 shares of the auto parts company’s stock valued at $522,000 after purchasing an additional 800 shares during the last quarter. Finally, Novare Capital Management LLC boosted its stake in Aptiv by 0.9% in the third quarter. Novare Capital Management LLC now owns 91,265 shares of the auto parts company’s stock worth $6,572,000 after purchasing an additional 798 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Up 2.7 %

Shares of NYSE APTV opened at $71.76 on Monday. Aptiv PLC has a 52-week low of $63.62 and a 52-week high of $93.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a market cap of $19.52 billion, a P/E ratio of 6.76, a P/E/G ratio of 0.65 and a beta of 1.79. The firm has a 50 day moving average price of $70.08 and a 200 day moving average price of $72.96.

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, beating the consensus estimate of $1.42 by $0.16. The company had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 EPS. Analysts expect that Aptiv PLC will post 6.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com cut Aptiv from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Robert W. Baird reduced their target price on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $74.00 price target on shares of Aptiv in a report on Tuesday, September 10th. Royal Bank of Canada increased their price objective on Aptiv from $85.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. lifted their target price on Aptiv from $104.00 to $107.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.13.

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.