6,428 Shares in Aptiv PLC $APTV Acquired by United Services Automobile Association

Key Points

• United Services Automobile Association has acquired 6,428 shares of Aptiv PLC, valued at approximately $389,000, indicating strong institutional interest in the auto parts company.
• Several institutional investors significantly increased their holdings in Aptiv during the first quarter, with Goldman Sachs Group Inc. boosting its stake by 242.7% to over $509 million.
• Aptiv's earnings report for the last quarter exceeded analysts' expectations, with $2.12 EPS reported against a consensus estimate of $1.83, signaling a positive outlook for the company.

United Services Automobile Association purchased a new position in Aptiv PLC (NYSE:APTV - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,428 shares of the auto parts company's stock, valued at approximately $389,000.

A number of other institutional investors and hedge funds have also modified their holdings of APTV. Goldman Sachs Group Inc. grew its holdings in shares of 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 period. AustralianSuper Pty Ltd acquired a new stake in shares of Aptiv in the 1st quarter worth approximately $117,260,000. Pacer Advisors Inc. grew its holdings in shares of Aptiv by 5,379.7% in the 1st quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company's stock worth $113,489,000 after acquiring an additional 1,872,571 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Aptiv by 53.6% in the 1st quarter. Alliancebernstein L.P. now owns 3,515,617 shares of the auto parts company's stock worth $209,179,000 after acquiring an additional 1,227,020 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Aptiv in the 1st quarter worth approximately $47,825,000. Institutional investors and hedge funds own 94.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. UBS Group upped their price target on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Barclays increased their target price on Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Wolfe Research cut Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada increased their target price on Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. increased their target price on Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.20.

Aptiv Trading Up 2.7%

Shares of Aptiv stock opened at $83.81 on Friday. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $84.47. The firm has a market cap of $18.25 billion, a PE ratio of 19.18, a P/E/G ratio of 0.91 and a beta of 1.48. The business's fifty day moving average is $73.24 and its two-hundred day moving average is $66.21. 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 issued its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter in the prior year, the company posted $1.58 EPS. The business'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. Analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.