Aptiv PLC $APTV Position Boosted by PGGM Investments

Key Points

• PGGM Investments increased its holdings in Aptiv PLC by 108.3% during the second quarter, owning approximately 363,521 shares valued at $24.8 million.
• Aptiv's recent earnings report showed earnings per share of $2.12, surpassing expectations and reflecting a year-over-year revenue increase of 3.1% to $5.21 billion.
• Aptiv received multiple analyst upgrades, with price targets raised to between $85 and $92, and currently has a consensus rating of "Moderate Buy."

PGGM Investments raised its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 108.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,521 shares of the auto parts company's stock after acquiring an additional 189,029 shares during the quarter. PGGM Investments owned approximately 0.17% of Aptiv worth $24,799,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Zions Bancorporation National Association UT bought a new stake in shares of Aptiv in the 1st quarter valued at approximately $26,000. 1248 Management LLC acquired a new stake in Aptiv in the 1st quarter worth approximately $28,000. Geneos Wealth Management Inc. lifted its holdings in shares of Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company's stock worth $29,000 after buying an additional 398 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Aptiv by 155.2% during the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after buying an additional 385 shares during the last quarter. Finally, Eastern Bank acquired a new position in shares of Aptiv during the first quarter worth approximately $39,000. Institutional investors own 94.21% of the company's stock.

Aptiv Stock Performance

Shares of APTV stock opened at $86.27 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. The company has a market capitalization of $18.79 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 0.95 and a beta of 1.48. The company's 50 day moving average price is $77.00 and its two-hundred day moving average price is $68.05. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $87.00.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.Aptiv's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $1.58 earnings per share. 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 expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

APTV has been the topic of a number of research reports. Royal Bank Of Canada boosted their price objective on Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Oppenheimer upped their price target on Aptiv from $88.00 to $92.00 and gave the company an "outperform" rating in a research report on Thursday, September 11th. Morgan Stanley increased their target price on Aptiv from $55.00 to $60.00 and gave the stock an "underweight" rating in a report on Tuesday, August 12th. UBS Group increased their target price on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a report 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 given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.73.

Insider Activity

In related news, CAO Allan J. Brazier sold 1,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.45% of the company's stock.

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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