Principal Financial Group Inc. Boosts Holdings in Aptiv PLC (NYSE:APTV)

Principal Financial Group Inc. raised its stake in shares of Aptiv PLC (NYSE:APTV) by 1.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 316,706 shares of the auto parts company’s stock after acquiring an additional 3,400 shares during the period. Principal Financial Group Inc.’s holdings in Aptiv were worth $22,806,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Wolff Wiese Magana LLC grew its position in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares during the period. Signaturefd LLC grew its position in shares of Aptiv by 6.2% during the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock valued at $189,000 after acquiring an additional 156 shares during the period. Mather Group LLC. increased its stake in shares of Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 176 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Aptiv by 16.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after purchasing an additional 176 shares during the period. Finally, Crewe Advisors LLC boosted its position in Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Up 0.8 %

Shares of NYSE:APTV opened at $59.95 on Thursday. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $91.66. The firm’s 50 day moving average price is $59.16 and its 200 day moving average price is $66.45. 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 stock has a market cap of $14.09 billion, a price-to-earnings ratio of 6.69, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.30 EPS. As a group, equities research analysts predict that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Robert W. Baird cut their target price on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Oppenheimer reduced their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Guggenheim reiterated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Finally, TD Cowen reduced their target price on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus target price of $84.29.

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.