Shorepath Capital Management LLC Has $4 Million Stock Position in Aptiv PLC (NYSE:APTV)

Shorepath Capital Management LLC raised its position in Aptiv PLC (NYSE:APTV) by 21.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 66,104 shares of the auto parts company’s stock after purchasing an additional 11,835 shares during the period. Aptiv makes up 2.9% of Shorepath Capital Management LLC’s portfolio, making the stock its 18th biggest holding. Shorepath Capital Management LLC’s holdings in Aptiv were worth $3,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its stake in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares during the period. Wolff Wiese Magana LLC increased its position in shares of Aptiv by 44.3% during 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. Capital Performance Advisors LLP purchased a new position in Aptiv during the 3rd quarter worth $43,000. Brooklyn Investment Group purchased a new position in Aptiv in the third quarter worth $43,000. Finally, Mather Group LLC. raised 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 buying an additional 176 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APTV has been the topic of a number of analyst reports. Oppenheimer decreased their target price on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Bank of America decreased their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Royal Bank of Canada dropped their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Morgan Stanley reduced their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. 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 issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.29.

Aptiv Price Performance

Aptiv stock opened at $60.57 on Tuesday. The stock has a market cap of $14.24 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78. The company has a fifty day simple moving average of $57.37 and a 200-day simple moving average of $65.21. 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 12-month low of $51.47 and a 12-month high of $88.89.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.30 EPS. Equities analysts expect that Aptiv PLC will post 6.15 EPS for the current fiscal year.

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.