Sciencast Management LP Takes Position in Aptiv PLC (NYSE:APTV)

Sciencast Management LP acquired a new stake in shares of Aptiv PLC (NYSE:APTV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,958 shares of the auto parts company’s stock, valued at approximately $645,000.

Several other institutional investors also recently made changes to their positions in APTV. Salem Investment Counselors Inc. grew its stake in shares of Aptiv by 176.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock valued at $25,000 after buying an additional 176 shares during the period. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Aptiv during the 1st quarter valued at $28,000. Clearstead Advisors LLC grew its stake in shares of Aptiv by 210.6% during the 1st quarter. Clearstead Advisors LLC now owns 264 shares of the auto parts company’s stock valued at $30,000 after buying an additional 179 shares during the period. WealthPLAN Partners LLC purchased a new stake in shares of Aptiv during the 1st quarter valued at $30,000. Finally, FWL Investment Management LLC acquired a new position in shares of Aptiv during the 4th quarter valued at $30,000. 89.13% of the stock is owned by hedge funds and other institutional investors.

Aptiv Price Performance

APTV opened at $101.78 on Tuesday. The company has a 50-day moving average of $104.13 and a 200-day moving average of $102.89. The company has a market capitalization of $28.79 billion, a P/E ratio of 30.82, a PEG ratio of 1.19 and a beta of 2.05. Aptiv PLC has a 1-year low of $77.96 and a 1-year high of $124.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.24 and a current ratio of 1.76.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, August 3rd. The auto parts company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.22. Aptiv had a net margin of 4.95% and a return on equity of 14.89%. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $4.72 billion. Equities analysts expect that Aptiv PLC will post 4.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

APTV has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Aptiv from $108.00 to $112.00 and gave the company an “equal weight” rating in a report on Friday, August 4th. Royal Bank of Canada boosted their price objective on shares of Aptiv from $127.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. UBS Group began coverage on shares of Aptiv in a report on Tuesday, September 12th. They issued a “buy” rating and a $143.00 price objective on the stock. Citigroup boosted their price objective on shares of Aptiv from $155.00 to $162.00 in a report on Friday, August 4th. Finally, Bank of America upgraded shares of Aptiv from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $130.00 to $140.00 in a report on Thursday, July 6th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.13.

About Aptiv

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.