Adage Capital Partners GP L.L.C. Raises Stake in Aptiv PLC $APTV

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Aptiv PLC by 120.6%, acquiring an additional 264,800 shares in the first quarter, resulting in ownership of 484,400 shares valued at approximately $28.8 million.
• Institutional investors now own an impressive 94.21% of Aptiv's stock, highlighting strong institutional interest and confidence in the company.
• Aptiv reported a strong quarterly earnings of $2.12 per share, beating analyst expectations, and set ambitious FY 2025 guidance at 7.300-7.600 EPS.

Adage Capital Partners GP L.L.C. raised its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 120.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 484,400 shares of the auto parts company's stock after acquiring an additional 264,800 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.22% of Aptiv worth $28,822,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Gamco Investors INC. ET AL lifted its holdings in Aptiv by 1.7% in the first quarter. Gamco Investors INC. ET AL now owns 9,760 shares of the auto parts company's stock valued at $581,000 after acquiring an additional 160 shares during the period. Stephens Inc. AR lifted its holdings 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 acquiring an additional 201 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings 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 acquiring an additional 235 shares during the period. OLD Second National Bank of Aurora lifted its holdings 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 acquiring an additional 239 shares during the period. Finally, ProShare Advisors LLC lifted its holdings 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 acquiring an additional 248 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on APTV. Wall Street Zen downgraded Aptiv from a "buy" rating to a "hold" rating in a research note on Sunday. UBS Group lifted their price target on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Piper Sandler set a $70.00 price target on Aptiv and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Robert W. Baird lifted their price target on Aptiv from $84.00 to $97.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 3rd. Finally, Morgan Stanley lifted their price target on Aptiv from $55.00 to $60.00 and gave the stock an "underweight" rating in a research note on Tuesday, August 12th. 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 assigned a Sell rating to the stock. According to MarketBeat.com, Aptiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.93.

Aptiv Price Performance

Aptiv stock traded down $0.75 during midday trading on Wednesday, reaching $81.39. 434,317 shares of the company were exchanged, compared to its average volume of 2,951,923. The company has a market capitalization of $17.72 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 0.92 and a beta of 1.48. The firm's 50-day simple moving average is $72.82 and its 200-day simple moving average is $65.99. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $82.74. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76.

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