Aptiv PLC (NYSE:APTV) Shares Acquired by Cim Investment Management Inc.

Cim Investment Management Inc. grew its stake in Aptiv PLC (NYSE:APTV) by 89.4% in the second quarter, Holdings Channel reports. The fund owned 7,283 shares of the auto parts company’s stock after purchasing an additional 3,437 shares during the period. Cim Investment Management Inc.’s holdings in Aptiv were worth $1,146,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of APTV. Anfield Capital Management LLC purchased a new position in shares of Aptiv during the 2nd quarter worth $31,000. Glassman Wealth Services purchased a new position in shares of Aptiv during the 2nd quarter worth $39,000. Trustcore Financial Services LLC grew its holdings in shares of Aptiv by 237.8% during the 2nd quarter. Trustcore Financial Services LLC now owns 250 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 176 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Aptiv by 33.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 301 shares of the auto parts company’s stock worth $47,000 after purchasing an additional 75 shares during the period. Finally, Wagner Wealth Management LLC purchased a new position in shares of Aptiv during the 1st quarter worth $47,000. 89.34% of the stock is owned by institutional investors and hedge funds.

Shares of APTV stock traded up $1.92 during midday trading on Thursday, hitting $166.80. The company had a trading volume of 14,319 shares, compared to its average volume of 1,640,912. The company’s 50 day simple moving average is $155.23 and its 200 day simple moving average is $151.39. Aptiv PLC has a 52-week low of $92.56 and a 52-week high of $170.47. The stock has a market cap of $45.12 billion, a price-to-earnings ratio of 45.64, a PEG ratio of 4.20 and a beta of 2.06. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.60.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, August 4th. The auto parts company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.07). Aptiv had a net margin of 6.72% and a return on equity of 13.68%. The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the firm earned ($1.10) earnings per share. The firm’s quarterly revenue was up 94.2% compared to the same quarter last year. Analysts anticipate that Aptiv PLC will post 3.55 EPS for the current year.

A number of equities analysts recently commented on the company. Jefferies Financial Group lowered their target price on Aptiv from $190.00 to $184.00 and set a “buy” rating for the company in a report on Monday, September 20th. Guggenheim upgraded Aptiv from a “neutral” rating to a “buy” rating and set a $184.00 price objective for the company in a research note on Thursday, June 24th. Zacks Investment Research cut Aptiv from a “hold” rating to a “strong sell” rating and set a $140.00 price objective for the company. in a research note on Monday. The Goldman Sachs Group decreased their price objective on Aptiv from $176.00 to $174.00 and set a “buy” rating for the company in a research note on Sunday, September 26th. Finally, Morgan Stanley lifted their price objective on Aptiv from $210.00 to $217.00 and gave the company an “overweight” rating in a research note on Thursday, October 7th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $163.65.

Aptiv Company Profile

Aptiv Plc engages in the design, development, and manufacture of vehicle components. The firm also provides electrical, electronic, and safety technology solutions to the global automotive and commercial vehicle markets. It operates through the following business segments: Signal and Power Solutions, Advanced Safety and User Experience, and Eliminations and Other.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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