10,700 Shares in Aptiv PLC $APTV Acquired by Board of the Pension Protection Fund

Board of the Pension Protection Fund acquired a new stake in Aptiv PLC (NYSE:APTV) in the third quarter, HoldingsChannel.com reports. The firm acquired 10,700 shares of the auto parts company’s stock, valued at approximately $923,000.

A number of other hedge funds have also modified their holdings of APTV. Boston Partners purchased a new stake in Aptiv in the 2nd quarter valued at $220,911,000. Norges Bank purchased a new stake in shares of Aptiv in the second quarter valued at about $187,652,000. Balyasny Asset Management L.P. boosted its stake in shares of Aptiv by 6,711.4% during the second quarter. Balyasny Asset Management L.P. now owns 1,434,076 shares of the auto parts company’s stock worth $97,833,000 after buying an additional 1,413,022 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Aptiv by 53.6% during the first quarter. Alliancebernstein L.P. now owns 3,515,617 shares of the auto parts company’s stock worth $209,179,000 after buying an additional 1,227,020 shares during the last quarter. Finally, Ariel Investments LLC increased its position in Aptiv by 80.2% in the 2nd quarter. Ariel Investments LLC now owns 1,386,513 shares of the auto parts company’s stock valued at $94,588,000 after acquiring an additional 617,115 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group lifted their target price on Aptiv from $75.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Daiwa Capital Markets boosted their price objective on shares of Aptiv from $79.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Argus raised their target price on shares of Aptiv from $78.00 to $99.00 in a research note on Monday, November 10th. Morgan Stanley set a $84.00 price target on shares of Aptiv and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Finally, Evercore ISI raised their price objective on shares of Aptiv from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 24th. Four analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus price target of $96.63.

Aptiv Stock Up 0.8%

APTV stock opened at $78.21 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $79.90 and its 200 day moving average price is $76.48. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $88.80. The company has a market cap of $16.90 billion, a P/E ratio of 62.07, a P/E/G ratio of 0.98 and a beta of 1.51.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 30th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.36. The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $1.83 earnings per share. Aptiv has set its FY 2025 guidance at 7.550-7.850 EPS and its Q4 2025 guidance at 1.600-1.900 EPS. On average, research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.