Graham Capital Management L.P. Raises Position in Aptiv PLC $APTV

Key Points

• Graham Capital Management L.P. significantly increased its stake in Aptiv PLC by 189.2%, owning 51,146 shares valued at over $3 million as of the end of the most recent quarter.
• Aptiv's quarterly earnings surpassed estimates, reporting $2.12 earnings per share, exceeding the consensus estimate of $1.83, with revenue of $5.21 billion.
• Multiple analyst upgrades have raised Aptiv's price target, with Wells Fargo and Royal Bank of Canada now setting targets of $89.00 and $92.00, respectively, reflecting a positive outlook on the company's performance.

Graham Capital Management L.P. increased its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 189.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,146 shares of the auto parts company's stock after acquiring an additional 33,459 shares during the period. Graham Capital Management L.P.'s holdings in Aptiv were worth $3,043,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Zions Bancorporation National Association UT bought a new position in shares of Aptiv in the first quarter valued at approximately $26,000. Mather Group LLC. grew its holdings in shares of Aptiv by 155.2% in the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 385 shares in the last quarter. Eastern Bank bought a new position in shares of Aptiv in the first quarter valued at approximately $39,000. Versant Capital Management Inc grew its holdings in Aptiv by 201.7% during the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 470 shares during the period. Finally, UMB Bank n.a. bought a new position in Aptiv during the first quarter valued at $48,000. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Performance

Shares of NYSE:APTV traded up $1.24 during trading on Wednesday, hitting $79.63. 3,122,297 shares of the company were exchanged, compared to its average volume of 2,558,716. The company has a market cap of $17.34 billion, a PE ratio of 18.22, a P/E/G ratio of 0.89 and a beta of 1.48. The stock has a 50 day moving average of $71.84 and a 200 day moving average of $65.60. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $81.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.24.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The firm had revenue of $5.21 billion for 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%.The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $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. As a group, equities research analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on APTV. Wells Fargo & Company increased their price objective on Aptiv from $86.00 to $89.00 and gave the company an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. increased their price objective on Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Friday, August 1st. UBS Group increased their price objective on Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Bank of America increased their price objective on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a report on Monday, June 16th. Finally, Wall Street Zen raised Aptiv from a "hold" rating to a "buy" rating in a report on Saturday. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $82.75.

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.