Tocqueville Asset Management L.P. Buys 20,914 Shares of Aptiv PLC $APTV

Key Points

• Tocqueville Asset Management L.P. has increased its stake in Aptiv PLC by 31.9% during the first quarter, owning 86,560 shares valued at approximately $5.15 million.
• Aptiv recently reported earnings per share of $2.12 for the last quarter, surpassing estimates by $0.29 and showing a 3.1% revenue increase year-over-year.
• Analysts have given Aptiv a consensus rating of "Moderate Buy" with a target price of $81.81, indicating positive sentiment among research firms.

Tocqueville Asset Management L.P. raised its stake in Aptiv PLC (NYSE:APTV - Free Report) by 31.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,560 shares of the auto parts company's stock after acquiring an additional 20,914 shares during the quarter. Tocqueville Asset Management L.P.'s holdings in Aptiv were worth $5,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT acquired a new stake in shares of Aptiv during the 1st quarter worth approximately $26,000. Mather Group LLC. grew its position in shares of Aptiv by 155.2% during the 1st 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 period. Eastern Bank acquired a new stake in shares of Aptiv during the 1st quarter worth approximately $39,000. Versant Capital Management Inc grew its position in shares of Aptiv by 201.7% during the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after buying an additional 470 shares during the period. Finally, UMB Bank n.a. acquired a new stake in shares of Aptiv during the 1st quarter worth approximately $48,000. Institutional investors and hedge funds own 94.21% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Oppenheimer reiterated an "outperform" rating and set a $88.00 price target (up previously from $84.00) on shares of Aptiv in a research report on Monday, August 4th. Barclays increased their price target on shares of Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Bank of America increased their price objective on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Morgan Stanley raised their price target on shares of Aptiv from $55.00 to $60.00 and gave the company an "underweight" rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Aptiv to a "hold" rating in a research report on Saturday, June 21st. Three 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 issued a Sell rating to the company. According to MarketBeat, Aptiv has a consensus rating of "Moderate Buy" and a consensus price target of $81.81.

Aptiv Stock Performance

Shares of NYSE:APTV traded down $0.8320 during midday trading on Thursday, reaching $74.3180. The company had a trading volume of 1,679,266 shares, compared to its average volume of 3,012,492. The company's 50 day moving average price is $69.62 and its 200 day moving average price is $64.56. 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 stock has a market cap of $16.18 billion, a P/E ratio of 17.01, a P/E/G ratio of 0.85 and a beta of 1.48. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $77.09.

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. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The firm's quarterly 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, sell-side analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Aptiv 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.