GSA Capital Partners LLP Acquires Shares of 5,055 Aptiv PLC (NYSE:APTV)

GSA Capital Partners LLP acquired a new stake in shares of Aptiv PLC (NYSE:APTV) in the third quarter, Holdings Channel reports. The firm acquired 5,055 shares of the auto parts company’s stock, valued at approximately $364,000.

A number of other large investors have also added to or reduced their stakes in APTV. Massachusetts Financial Services Co. MA raised its stake in shares of Aptiv by 15.9% in 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 purchasing an additional 1,764,844 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Aptiv by 13.7% in 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 purchasing an additional 905,431 shares during the last quarter. Capital World Investors purchased a new position in shares of Aptiv in the first quarter worth $343,760,000. EdgePoint Investment Group Inc. purchased a new position in shares of Aptiv in the first quarter worth $335,426,000. Finally, Mirova US LLC raised its stake in shares of Aptiv by 1.8% in the second quarter. Mirova US LLC now owns 2,667,362 shares of the auto parts company’s stock worth $187,836,000 after purchasing an additional 48,393 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APTV. Barclays decreased their price target on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Wolfe Research started coverage on Aptiv in a report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price objective for the company. Bank of America cut their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft cut their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. 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 stock presently has an average rating of “Moderate Buy” and an average price target of $85.29.

Aptiv Price Performance

Shares of Aptiv stock opened at $53.35 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 5.95, a PEG ratio of 0.46 and a beta of 1.81. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $91.66. The stock’s 50-day simple moving average is $65.38 and its 200-day simple moving average is $70.72.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.30 earnings per share. As a group, analysts expect that Aptiv PLC will post 6.18 earnings per share for the current fiscal year.

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.