DoubleLine ETF Adviser LP Acquires New Shares in Aptiv PLC (NYSE:APTV)

DoubleLine ETF Adviser LP acquired a new stake in Aptiv PLC (NYSE:APTV) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,430 shares of the auto parts company’s stock, valued at approximately $523,000.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Aptiv by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock valued at $2,843,905,000 after purchasing an additional 325,550 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after buying an additional 1,764,844 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Aptiv by 13.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after buying an additional 905,431 shares in the last quarter. Capital World Investors purchased a new position in Aptiv during the first quarter worth $343,760,000. Finally, Clearbridge Investments LLC increased its position in Aptiv by 3.1% during the first quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock worth $343,728,000 after buying an additional 131,431 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on APTV shares. Wells Fargo & Company raised Aptiv from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $78.00 to $87.00 in a research report on Friday, September 20th. Royal Bank of Canada raised their price target on Aptiv from $85.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. Morgan Stanley dropped their price target on Aptiv from $70.00 to $68.00 and set an “underweight” rating for the company in a research report on Wednesday. Robert W. Baird lowered their price objective on Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Finally, UBS Group lowered their price objective on Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average price target of $95.31.

Aptiv Price Performance

Shares of Aptiv stock opened at $72.31 on Friday. Aptiv PLC has a twelve month low of $63.62 and a twelve month high of $100.88. The stock has a market capitalization of $19.67 billion, a P/E ratio of 6.82, a PEG ratio of 0.65 and a beta of 1.79. 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 business’s fifty day moving average price is $69.46 and its 200 day moving average price is $73.90.

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