John G Ullman & Associates Inc. Grows Position in Aptiv PLC (NYSE:APTV)

John G Ullman & Associates Inc. raised its stake in shares of Aptiv PLC (NYSE:APTV) by 80.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,850 shares of the auto parts company’s stock after purchasing an additional 7,500 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Aptiv were worth $1,213,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Independence Bank of Kentucky acquired a new position in shares of Aptiv in the 2nd quarter valued at $25,000. Crewe Advisors LLC lifted its position in Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 215 shares during the period. Wolff Wiese Magana LLC grew its stake in Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Aptiv in the second quarter valued at about $38,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Aptiv in the third quarter worth about $43,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on APTV shares. Robert W. Baird dropped their target price on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. TD Cowen dropped their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Morgan Stanley reduced their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, Oppenheimer cut their price target on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research 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 given a buy rating to the company. According to data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.53.

Aptiv Price Performance

Aptiv stock opened at $52.59 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The company’s fifty day moving average price is $65.65 and its 200 day moving average price is $70.85. The stock has a market capitalization of $12.36 billion, a P/E ratio of 5.87, a P/E/G ratio of 0.46 and a beta of 1.81. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $91.66.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business earned $1.30 earnings per share. As a group, equities research analysts anticipate that Aptiv PLC will post 6.18 earnings per share for the current fiscal year.

About Aptiv

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.