JB Capital LLC Has $2.85 Million Stock Position in Aptiv PLC (NYSE:APTV)

JB Capital LLC increased its stake in Aptiv PLC (NYSE:APTV) by 5.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 39,532 shares of the auto parts company’s stock after buying an additional 1,959 shares during the quarter. JB Capital LLC’s holdings in Aptiv were worth $2,847,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Olstein Capital Management L.P. lifted its stake in Aptiv by 32.9% in the third quarter. Olstein Capital Management L.P. now owns 109,000 shares of the auto parts company’s stock valued at $7,849,000 after purchasing an additional 27,000 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Aptiv by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 316,706 shares of the auto parts company’s stock valued at $22,806,000 after buying an additional 3,400 shares during the last quarter. 1834 Investment Advisors Co. grew its stake in shares of Aptiv by 6.6% during the 3rd quarter. 1834 Investment Advisors Co. now owns 4,483 shares of the auto parts company’s stock worth $323,000 after acquiring an additional 276 shares during the period. Hazlett Burt & Watson Inc. increased its holdings in Aptiv by 100.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 702 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 351 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in Aptiv by 20.5% in the 3rd quarter. QRG Capital Management Inc. now owns 16,067 shares of the auto parts company’s stock valued at $1,157,000 after acquiring an additional 2,735 shares during the period. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Up 3.1 %

Shares of NYSE:APTV traded up $1.65 during trading on Thursday, reaching $55.48. 891,637 shares of the company traded hands, compared to its average volume of 3,070,401. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Aptiv PLC has a 52-week low of $52.81 and a 52-week high of $91.66. The firm has a market capitalization of $13.04 billion, a price-to-earnings ratio of 6.01, a P/E/G ratio of 0.52 and a beta of 1.81. The business’s fifty day moving average is $68.62 and its 200-day moving average is $72.11.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 EPS. As a group, analysts forecast that Aptiv PLC will post 6.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on APTV. Bank of America cut their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $78.00 to $87.00 in a research note on Friday, September 20th. Deutsche Bank Aktiengesellschaft dropped their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. UBS Group reduced their price target on Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, Fox Advisors cut Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and an average target price of $87.00.

Aptiv Company 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.