Tokio Marine Asset Management Co. Ltd. Boosts Holdings in Aptiv PLC (NYSE:APTV)

Tokio Marine Asset Management Co. Ltd. grew its position in shares of Aptiv PLC (NYSE:APTV) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,119 shares of the auto parts company’s stock after buying an additional 310 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Aptiv were worth $585,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Wolff Wiese Magana LLC raised its position in Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 155 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Aptiv by 6.2% in the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock valued at $189,000 after purchasing an additional 156 shares in the last quarter. Mather Group LLC. lifted its stake in shares of Aptiv by 36.9% in the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 176 shares during the period. Farther Finance Advisors LLC boosted its holdings in Aptiv by 16.8% during the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after buying an additional 176 shares in the last quarter. Finally, Crewe Advisors LLC grew its position in Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Performance

NYSE:APTV opened at $52.93 on Friday. The company has a market cap of $12.44 billion, a P/E ratio of 5.91, a P/E/G ratio of 0.50 and a beta of 1.81. The firm’s 50 day moving average is $66.50 and its two-hundred day moving average is $71.34. Aptiv PLC has a fifty-two week low of $52.14 and a fifty-two week high of $91.66. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period last year, the company posted $1.30 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. Analysts expect that Aptiv PLC will post 6.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on APTV. Robert W. Baird reduced their price target on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Royal Bank of Canada cut their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. StockNews.com initiated coverage on shares of Aptiv in a research note on Monday, November 11th. They issued a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.53.

Aptiv Profile

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.