AQR Capital Management LLC Has $27.83 Million Stock Holdings in Aptiv PLC $APTV

Key Points

• AQR Capital Management LLC increased its stake in Aptiv PLC by 40.4% during the 1st quarter, owning approximately 467,764 shares valued at about $27.8 million.
• Major analysts have upgraded Aptiv's price targets, with Oppenheimer raising it from $88.00 to $92.00, reflecting strong confidence in the stock.
• Aptiv reported a quarterly earnings per share (EPS) of $2.12, surpassing analysts' expectations and indicating a 3.1% revenue growth year-over-year.

AQR Capital Management LLC increased its stake in Aptiv PLC (NYSE:APTV - Free Report) by 40.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 467,764 shares of the auto parts company's stock after buying an additional 134,564 shares during the quarter. AQR Capital Management LLC owned about 0.21% of Aptiv worth $27,832,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of APTV. Zions Bancorporation National Association UT acquired a new stake in shares of Aptiv in the first quarter valued at about $26,000. 1248 Management LLC acquired a new stake in shares of Aptiv in the first quarter valued at about $28,000. Mather Group LLC. grew its stake 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 buying an additional 385 shares in the last quarter. Eastern Bank acquired a new stake in shares of Aptiv in the first quarter valued at about $39,000. Finally, Versant Capital Management Inc boosted its holdings in Aptiv by 201.7% in 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 last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Piper Sandler set a $70.00 price target on Aptiv and gave the company a "neutral" rating in a report on Thursday, May 22nd. Guggenheim downgraded Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Royal Bank Of Canada increased their target price on Aptiv from $85.00 to $92.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Barclays raised Aptiv from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $85.00 to $105.00 in a report on Friday. Finally, Wolfe Research downgraded Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Aptiv currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.53.

Aptiv Price Performance

Shares of APTV stock traded down $0.83 during mid-day trading on Friday, hitting $82.89. 1,662,200 shares of the stock traded hands, compared to its average volume of 2,213,217. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $84.72. The firm has a market cap of $18.05 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 0.93 and a beta of 1.48. The company's 50-day simple moving average is $73.45 and its 200-day simple moving average is $66.32. 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 issued its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The company had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. During the same period last year, the firm earned $1.58 EPS. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. 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 expect that Aptiv PLC will post 7.2 earnings per share 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.