TD Asset Management Inc Increases Stock Holdings in Aptiv PLC (NYSE:APTV)

TD Asset Management Inc boosted its position in Aptiv PLC (NYSE:APTV) by 1.7% during the second quarter, Holdings Channel.com reports. The fund owned 96,771 shares of the auto parts company’s stock after purchasing an additional 1,580 shares during the quarter. TD Asset Management Inc’s holdings in Aptiv were worth $6,815,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in Aptiv by 6.3% in the fourth quarter. Wells Fargo & Company MN now owns 455,651 shares of the auto parts company’s stock valued at $40,881,000 after acquiring an additional 26,933 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Aptiv by 36.6% in the first quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company’s stock valued at $3,818,000 after acquiring an additional 12,835 shares during the last quarter. FIFTHDELTA Ltd acquired a new position in Aptiv in the fourth quarter valued at $50,767,000. Trillium Asset Management LLC lifted its stake in shares of Aptiv by 33.1% during the fourth quarter. Trillium Asset Management LLC now owns 361,249 shares of the auto parts company’s stock worth $32,411,000 after purchasing an additional 89,786 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Aptiv by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock worth $2,843,905,000 after purchasing an additional 325,550 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Down 5.4 %

Shares of Aptiv stock opened at $65.38 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.47. The firm has a market cap of $17.38 billion, a P/E ratio of 6.16, a P/E/G ratio of 0.63 and a beta of 1.79. Aptiv PLC has a fifty-two week low of $64.98 and a fifty-two week high of $104.72. The business has a 50-day moving average price of $69.78 and a 200 day moving average price of $74.57.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.16. The firm had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. Aptiv’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 earnings per share. On average, sell-side analysts forecast that Aptiv PLC will post 6.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on APTV shares. Wells Fargo & Company reduced their price objective on Aptiv from $82.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $74.00 price objective on shares of Aptiv in a research note on Tuesday. Wolfe Research started coverage on Aptiv in a research note on Thursday, September 5th. They set an “outperform” rating and a $89.00 price objective on the stock. Citigroup reduced their price objective on Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, StockNews.com cut Aptiv from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.88.

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.