RWC Asset Management LLP Purchases Shares of 36,441 Aptiv PLC (NYSE:APTV)

RWC Asset Management LLP purchased a new stake in shares of Aptiv PLC (NYSE:APTV) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 36,441 shares of the auto parts company’s stock, valued at approximately $2,204,000.

Other large investors have also added to or reduced their stakes in the company. Proactive Wealth Strategies LLC purchased a new stake in shares of Aptiv in the third quarter worth about $1,815,000. Focus Financial Network Inc. purchased a new stake in shares of Aptiv in the fourth quarter worth about $379,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Aptiv by 73.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after buying an additional 47,215 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Aptiv in the third quarter worth about $14,893,000. Finally, Shorepath Capital Management LLC boosted its stake in shares of Aptiv by 21.8% in the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after buying an additional 11,835 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Royal Bank of Canada upped their target price on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. TD Cowen reduced their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Wells Fargo & Company upped their price target on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Barclays upped their price target on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, UBS Group upped their price target on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.61.

Aptiv Price Performance

APTV stock opened at $66.65 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The business has a 50 day simple moving average of $62.02 and a 200-day simple moving average of $63.94. The firm has a market capitalization of $15.29 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 0.63 and a beta of 1.74. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Equities research analysts anticipate that Aptiv PLC will post 7.2 earnings per share 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.