Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)

25 May 2020, 15:30 by Michael Walen

Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. CSat Investment Advisory L.P. increased its position in Aptiv by 90.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 272 shares of the auto parts company’s stock worth $26,000 after buying an additional 129 shares during the last quarter. RMR Wealth Builders purchased a new stake in Aptiv in the fourth quarter worth $44,000. Global Retirement Partners LLC increased its position in Aptiv by 56.3% in the fourth quarter. Global Retirement Partners LLC now owns 508 shares of the auto parts company’s stock worth $48,000 after buying an additional 183 shares during the last quarter. Ellevest Inc. increased its position in Aptiv by 84.8% in the first quarter. Ellevest Inc. now owns 595 shares of the auto parts company’s stock worth $29,000 after buying an additional 273 shares during the last quarter. Finally, Cox Capital Mgt LLC purchased a new stake in Aptiv in the first quarter worth $57,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Aptiv stock opened at $71.89 on Monday. Aptiv PLC has a 52 week low of $29.22 and a 52 week high of $99.04. The business has a 50-day simple moving average of $61.91 and a 200 day simple moving average of $79.51. The company has a quick ratio of 1.32, a current ratio of 1.69 and a debt-to-equity ratio of 1.22. The stock has a market cap of $18.32 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 6.34 and a beta of 2.26.

Aptiv (NYSE:APTV) last posted its earnings results on Tuesday, May 5th. The auto parts company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.36. Aptiv had a return on equity of 27.25% and a net margin of 16.58%. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The firm’s revenue was down 10.5% on a year-over-year basis. On average, research analysts anticipate that Aptiv PLC will post 1.04 earnings per share for the current year.

A number of analysts have issued reports on APTV shares. Royal Bank of Canada decreased their target price on Aptiv from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. TheStreet downgraded Aptiv from a “b-” rating to a “c+” rating in a research report on Monday, March 16th. Guggenheim downgraded Aptiv from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 21st. Bank of America raised Aptiv from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 18th. Finally, UBS Group upgraded Aptiv from a “neutral” rating to a “buy” rating and lifted their price target for the company from $50.00 to $86.00 in a research report on Tuesday, May 19th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $86.70.

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.