Mirabella Financial Services LLP Buys 24,432 Shares of Aptiv PLC (NYSE:APTV)

Mirabella Financial Services LLP grew its stake in Aptiv PLC (NYSE:APTV) by 184.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,650 shares of the auto parts company’s stock after purchasing an additional 24,432 shares during the quarter. Mirabella Financial Services LLP’s holdings in Aptiv were worth $2,711,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Independence Bank of Kentucky purchased a new position in shares of Aptiv during the second quarter valued at about $25,000. Brown Brothers Harriman & Co. grew its holdings in shares of Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 409 shares during the period. Crewe Advisors LLC raised its position in shares of Aptiv by 94.7% in 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 in the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of Aptiv by 44.3% in 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 period. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Aptiv during the second quarter valued at approximately $38,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on APTV. Oppenheimer decreased their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Barclays lowered their price target on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. StockNews.com initiated coverage on shares of Aptiv in a research note on Tuesday, November 19th. They set a “hold” rating for the company. Finally, Nomura Securities raised Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued 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 price target of $85.29.

Aptiv Trading Up 1.9 %

Aptiv stock opened at $54.38 on Monday. Aptiv PLC has a one year low of $51.47 and a one year high of $91.66. The business’s fifty day moving average is $65.09 and its 200 day moving average is $70.34. The stock has a market capitalization of $12.78 billion, a PE ratio of 6.07, a price-to-earnings-growth ratio of 0.55 and a beta of 1.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the firm posted $1.30 EPS. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, sell-side analysts predict that Aptiv PLC will post 6.15 EPS for the current 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.