Kovitz Investment Group Partners LLC Buys Shares of 3,511 Aptiv PLC $APTV

Key Points

• Kovitz Investment Group Partners LLC purchased 3,511 shares of Aptiv PLC, valued at approximately $209,000, as reported in their 13F filing with the SEC.
• Several institutional investors have increased their stakes in Aptiv, with 94.21% of the stock owned by institutional investors overall.
• Aptiv's stock has shown growth, with its recent earnings report exceeding analysts' estimates and a projected earnings per share of 7.2 for the current year.

Kovitz Investment Group Partners LLC bought a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,511 shares of the auto parts company's stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stephens Inc. AR increased its stake in Aptiv by 5.4% in the first quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company's stock valued at $234,000 after purchasing an additional 201 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in Aptiv by 2.9% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,443 shares of the auto parts company's stock valued at $502,000 after purchasing an additional 235 shares in the last quarter. OLD Second National Bank of Aurora increased its stake in Aptiv by 1.0% in the first quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company's stock valued at $1,461,000 after purchasing an additional 239 shares in the last quarter. ProShare Advisors LLC increased its stake in Aptiv by 0.5% in the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock valued at $3,128,000 after purchasing an additional 248 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its stake in Aptiv by 1.3% in the fourth quarter. Rafferty Asset Management LLC now owns 25,669 shares of the auto parts company's stock valued at $1,552,000 after purchasing an additional 341 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Up 0.4%

Aptiv stock traded up $0.35 during midday trading on Thursday, hitting $80.30. 2,062,225 shares of the stock were exchanged, compared to its average volume of 2,832,808. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $81.13. The stock has a market capitalization of $17.49 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 0.90 and a beta of 1.48. The business's 50-day moving average price is $70.88 and its 200-day moving average price is $65.23. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share 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 for the quarter, compared to analysts' expectations of $5.02 billion. During the same period in the previous year, the company earned $1.58 earnings per share. The firm's revenue for the quarter 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. On average, research analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Wolfe Research downgraded shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Bank of America lifted their price target on shares of Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 16th. UBS Group boosted their target price on shares of Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.81.

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.