Aptiv (NYSE:APTV) Hits New 52-Week High - Still a Buy?

Key Points

• Aptiv PLC's shares reached a new 52-week high at $87.00, with the last traded price at $85.85, indicating significant market interest.
• Wall Street analysts have mixed ratings on Aptiv, with target price increases from firms like Robert W. Baird and Wells Fargo, while Guggenheim downgraded it to "neutral."
• The company reported an impressive quarterly earnings per share (EPS) of $2.12, exceeding expectations, and anticipates a FY 2025 EPS guidance of 7.300-7.600.

Aptiv PLC (NYSE:APTV - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $87.00 and last traded at $85.85, with a volume of 32036 shares trading hands. The stock had previously closed at $86.22.

Wall Street Analyst Weigh In

A number of research firms recently commented on APTV. Robert W. Baird increased their target price on Aptiv from $84.00 to $97.00 and gave the company an "outperform" rating in a research note on Wednesday, September 3rd. Wells Fargo & Company raised their price objective on Aptiv from $103.00 to $106.00 and gave the company an "overweight" rating in a research note on Thursday. Guggenheim cut Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. UBS Group raised their price objective on Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, Wall Street Zen raised Aptiv from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, September 23rd. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Aptiv currently has a consensus rating of "Moderate Buy" and an average price target of $85.73.

Aptiv Stock Down 0.7%

The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. The company's fifty day simple moving average is $76.34 and its 200 day simple moving average is $67.76. The firm has a market capitalization of $18.64 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 0.96 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same period last year, the business posted $1.58 earnings per share. Aptiv's quarterly revenue was up 3.1% compared to the same quarter last year. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. Analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Allan J. Brazier sold 1,000 shares of Aptiv stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $85.00, for a total transaction of $85,000.00. Following the completion of the transaction, the chief accounting officer directly owned 49,820 shares in the company, valued at approximately $4,234,700. This trade represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.45% of the company's stock.

Hedge Funds Weigh In On Aptiv

Several large investors have recently made changes to their positions in the business. State Street Corp lifted its holdings in shares of Aptiv by 1.2% during the second quarter. State Street Corp now owns 9,754,226 shares of the auto parts company's stock valued at $665,433,000 after purchasing an additional 111,506 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Aptiv by 242.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company's stock worth $509,366,000 after acquiring an additional 6,062,438 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Aptiv by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,934,199 shares of the auto parts company's stock worth $353,085,000 after acquiring an additional 570,930 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Aptiv by 9.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,831,441 shares of the auto parts company's stock worth $261,381,000 after acquiring an additional 315,824 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Aptiv by 7.1% in the 2nd quarter. Invesco Ltd. now owns 3,618,847 shares of the auto parts company's stock worth $246,878,000 after acquiring an additional 238,880 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

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.

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