Kayne Anderson Rudnick Investment Management LLC Raises Holdings in Aptiv PLC $APTV

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its holdings in Aptiv PLC by 103.0% during the first quarter, acquiring an additional 35,100 shares and bringing their total to 69,189 shares.
• Several analysts have given Aptiv a mix of ratings, with Oppenheimer setting a new price target of $88.00, while other firms adjusted their targets below that, reflecting differing views on the company's growth potential.
• Aptiv reported a Q2 EPS of $2.12, surpassing estimates, and raised its FY 2025 guidance, indicating a positive outlook for revenue growth in the upcoming fiscal year.

Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 103.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,189 shares of the auto parts company's stock after buying an additional 35,100 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in Aptiv were worth $4,117,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new position in shares of Aptiv in the 1st quarter valued at $26,000. Mather Group LLC. grew its position in shares of Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after buying an additional 385 shares during the last quarter. Eastern Bank purchased a new position in shares of Aptiv in the 1st quarter valued at $39,000. Versant Capital Management Inc grew its position in shares of Aptiv by 201.7% in the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after buying an additional 470 shares during the last quarter. Finally, UMB Bank n.a. purchased a new position in shares of Aptiv in the 1st quarter valued at $48,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analysts Set New Price Targets

APTV has been the subject of several research analyst reports. Oppenheimer reissued an "outperform" rating and issued a $88.00 price objective (up from $84.00) on shares of Aptiv in a report on Monday, August 4th. Barclays increased their price objective on Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Wall Street Zen raised Aptiv from a "hold" rating to a "buy" rating in a research note on Saturday. UBS Group upped their price objective on Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. upped their price objective on Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a research note 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.81.

Aptiv Stock Performance

Shares of Aptiv stock traded down $0.62 on Friday, reaching $79.68. 1,834,007 shares of the stock were exchanged, compared to its average volume of 2,739,295. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $81.13. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. The business has a fifty day moving average price of $71.13 and a two-hundred day moving average price of $65.33. The firm has a market capitalization of $17.35 billion, a PE ratio of 18.23, a PEG ratio of 0.89 and a beta of 1.48.

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