Mirova Buys Shares of 16,912 Aptiv PLC (NYSE:APTV)

Mirova bought a new stake in Aptiv PLC (NYSE:APTV) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,912 shares of the auto parts company’s stock, valued at approximately $1,897,000.

A number of other large investors also recently bought and sold shares of APTV. Salem Investment Counselors Inc. lifted its position in shares of Aptiv by 176.0% during the second quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 176 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Aptiv during the first quarter worth about $28,000. Clearstead Advisors LLC increased its stake in shares of Aptiv by 210.6% during the first quarter. Clearstead Advisors LLC now owns 264 shares of the auto parts company’s stock worth $30,000 after buying an additional 179 shares during the period. WealthPLAN Partners LLC purchased a new stake in shares of Aptiv during the first quarter worth approximately $30,000. Finally, FWL Investment Management LLC purchased a new stake in shares of Aptiv during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 89.13% of the company’s stock.

Aptiv Price Performance

APTV stock opened at $100.52 on Friday. The company has a market capitalization of $28.43 billion, a P/E ratio of 30.55, a PEG ratio of 1.17 and a beta of 2.05. Aptiv PLC has a twelve month low of $77.96 and a twelve month high of $124.88. The business has a 50 day simple moving average of $104.40 and a 200-day simple moving average of $103.59. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.69.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.22. Aptiv had a return on equity of 14.89% and a net margin of 4.95%. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $4.72 billion. As a group, equities analysts anticipate that Aptiv PLC will post 4.74 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of Aptiv from $135.00 to $138.00 and gave the stock an “overweight” rating in a research note on Monday, August 7th. StockNews.com assumed coverage on shares of Aptiv in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Citigroup upped their target price on shares of Aptiv from $155.00 to $162.00 in a research note on Friday, August 4th. Wells Fargo & Company increased their price target on shares of Aptiv from $108.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday, August 4th. Finally, Wolfe Research upgraded shares of Aptiv from a “peer perform” rating to an “outperform” rating and set a $130.00 price target on the stock in a research note on Thursday, June 8th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.50.

Aptiv Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segments, Signal and Power Solutions, and Advanced Safety and User Experience.