Jennison Associates LLC Acquires 473 Shares of Aptiv PLC (NYSE:APTV)

Jennison Associates LLC raised its holdings in Aptiv PLC (NYSE:APTV) by 0.1% in the third quarter, Holdings Channel.com reports. The fund owned 321,358 shares of the auto parts company’s stock after acquiring an additional 473 shares during the quarter. Jennison Associates LLC’s holdings in Aptiv were worth $23,141,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Independence Bank of Kentucky bought a new position in shares of Aptiv in the second quarter valued at approximately $25,000. Crewe Advisors LLC boosted its holdings in shares of Aptiv by 94.7% during the 2nd 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. Wolff Wiese Magana LLC grew its stake in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in Aptiv in the 2nd quarter worth $38,000. Finally, Capital Performance Advisors LLP bought a new stake in Aptiv during the third quarter valued at about $43,000. 94.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on APTV. Guggenheim cut their target price on shares of Aptiv from $87.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Barclays decreased their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a report on Friday, November 1st. Finally, Royal Bank of Canada decreased their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.29.

Aptiv Price Performance

APTV stock opened at $54.38 on Friday. The company’s 50-day moving average price is $65.09 and its two-hundred day moving average price is $70.52. The firm has a market cap of $12.78 billion, a P/E ratio of 6.07, a P/E/G ratio of 0.46 and a beta of 1.81. 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 PLC has a 12 month low of $51.47 and a 12 month high of $91.66.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.30 earnings per share. On average, analysts anticipate that Aptiv PLC will post 6.18 earnings per share for the current fiscal year.

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.