Point72 Asset Management L.P. Makes New $41.23 Million Investment in Aptiv PLC (NYSE:APTV)

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Point72 Asset Management L.P. purchased a new position in shares of Aptiv PLC (NYSE:APTV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 510,086 shares of the auto parts company’s stock, valued at approximately $41,230,000. Point72 Asset Management L.P. owned approximately 0.20% of Aptiv at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Davis Rea LTD. raised its position in Aptiv by 0.9% in the 2nd quarter. Davis Rea LTD. now owns 15,666 shares of the auto parts company’s stock valued at $1,266,000 after buying an additional 141 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Aptiv by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 27,563 shares of the auto parts company’s stock worth $2,228,000 after purchasing an additional 162 shares during the period. Cornerstone Advisors Inc. boosted its stake in Aptiv by 30.6% in the 2nd quarter. Cornerstone Advisors Inc. now owns 692 shares of the auto parts company’s stock worth $56,000 after purchasing an additional 162 shares during the period. ETF Managers Group LLC raised its holdings in shares of Aptiv by 10.8% in the 1st quarter. ETF Managers Group LLC now owns 1,696 shares of the auto parts company’s stock valued at $135,000 after acquiring an additional 166 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Aptiv by 22.0% in the 1st quarter. Signaturefd LLC now owns 1,016 shares of the auto parts company’s stock valued at $81,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 95.19% of the company’s stock.

A number of equities analysts recently weighed in on the company. Cowen raised their price objective on Aptiv from $95.00 to $102.00 and gave the company a “top pick” rating in a report on Thursday, August 1st. Zacks Investment Research cut Aptiv from a “buy” rating to a “hold” rating and set a $96.00 price objective on the stock. in a report on Wednesday, September 11th. UBS Group raised their price objective on Aptiv from $87.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Jefferies Financial Group reissued a “buy” rating and set a $108.00 price objective (up from $99.00) on shares of Aptiv in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised their price objective on Aptiv from $93.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $92.50.

In other news, CFO Joseph R. Massaro sold 2,800 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $89.56, for a total value of $250,768.00. Also, CAO Allan J. Brazier sold 4,752 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $90.00, for a total transaction of $427,680.00. Insiders own 0.40% of the company’s stock.

Aptiv stock traded down $2.40 during mid-day trading on Friday, reaching $87.07. The company had a trading volume of 1,054,392 shares, compared to its average volume of 928,908. Aptiv PLC has a 1 year low of $58.80 and a 1 year high of $92.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.22 and a quick ratio of 0.89. The company has a market capitalization of $22.93 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.57 and a beta of 2.08. The stock’s 50-day simple moving average is $84.53 and its 200-day simple moving average is $80.88.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.20. Aptiv had a net margin of 6.86% and a return on equity of 34.92%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period last year, the company posted $1.40 EPS. The company’s revenue was down 1.5% on a year-over-year basis. On average, equities analysts forecast that Aptiv PLC will post 5.11 EPS for the current fiscal year.

Aptiv Company Profile

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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