Brooklyn Investment Group Makes New Investment in Aptiv PLC (NYSE:APTV)

Brooklyn Investment Group purchased a new position in shares of Aptiv PLC (NYSE:APTV) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 603 shares of the auto parts company’s stock, valued at approximately $43,000.

Other institutional investors have also recently made changes to their positions in the company. Wolff Wiese Magana LLC increased its holdings in shares of Aptiv by 44.3% during the 3rd 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 during the last quarter. Signaturefd LLC increased its holdings in shares of Aptiv by 6.2% during the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after acquiring an additional 156 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after acquiring an additional 176 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Aptiv by 16.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after acquiring an additional 176 shares during the last quarter. Finally, Crewe Advisors LLC increased 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 acquiring an additional 215 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Performance

NYSE:APTV opened at $55.50 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $91.66. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 0.56 and a beta of 1.81. The stock has a fifty day moving average price of $63.69 and a 200-day moving average price of $69.57.

Aptiv (NYSE:APTV) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the company earned $1.30 EPS. Aptiv’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, equities analysts anticipate that Aptiv PLC will post 6.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Morgan Stanley decreased their target price on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Royal Bank of Canada reduced 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. Robert W. Baird reduced their price target on Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Oppenheimer reduced their price target on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, TD Cowen reduced their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and a consensus target price of $85.29.

About Aptiv

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.