California State Teachers Retirement System Boosts Holdings in Aptiv PLC $APTV

Key Points

• California State Teachers Retirement System dramatically increased its Aptiv stake by 6,192.6% in the second quarter, acquiring 19.8 million additional shares. It now owns about 9.68% of the company, valued at approximately $1.23 billion.
• Aptiv shares opened at $45.47, near their 52-week low of $43.83 and well below the $88.93 high. The company beat quarterly EPS estimates ($1.63 versus $1.42), while revenue rose 2.3% year over year to $3.27 billion.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $75.66, despite several recent target-price reductions.

California State Teachers Retirement System grew its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 6,192.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,102,073 shares of the auto parts company's stock after purchasing an additional 19,782,619 shares during the quarter. California State Teachers Retirement System owned approximately 9.68% of Aptiv worth $1,233,865,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of APTV. Larson Financial Group LLC raised its holdings in Aptiv by 240.0% in the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company's stock valued at $27,000 after acquiring an additional 252 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Aptiv during the second quarter worth $29,000. Geneos Wealth Management Inc. boosted 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 purchasing an additional 398 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of Aptiv in the fourth quarter valued at $33,000. Finally, DV Equities LLC purchased a new stake in shares of Aptiv in the fourth quarter valued at $33,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Trading Down 0.5%

APTV opened at $45.47 on Friday. The firm's 50 day moving average is $51.88 and its 200-day moving average is $59.90. Aptiv PLC has a 52-week low of $43.83 and a 52-week high of $88.93. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $9.44 billion, a P/E ratio of 42.89, a P/E/G ratio of 0.88 and a beta of 1.45.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The auto parts company reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.21. Aptiv had a return on equity of 17.10% and a net margin of 1.17%.The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the business posted $2.12 earnings per share. Aptiv's revenue for the quarter was up 2.3% on a year-over-year basis. Aptiv has set its FY 2026 guidance at 5.600-5.800 EPS and its Q3 2026 guidance at 1.250-1.350 EPS. Analysts expect that Aptiv PLC will post 5.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on APTV shares. Fox Advisors lowered shares of Aptiv from an "overweight" rating to an "equal weight" rating in a report on Wednesday, August 5th. Barclays lowered their target price on shares of Aptiv from $73.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, August 10th. The Goldman Sachs Group cut their price target on shares of Aptiv from $82.00 to $71.00 and set a "buy" rating on the stock in a research note on Wednesday, August 5th. Argus set a $64.00 price target on shares of Aptiv in a report on Thursday, August 13th. Finally, Wells Fargo & Company lowered their price objective on shares of Aptiv from $77.00 to $66.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and a consensus target price of $75.66.

Aptiv Company Profile

Aptiv PLC is a global automotive technology company that develops vehicle systems, software and components for automakers and other mobility customers. Its products are designed to support vehicle electrification, advanced driver assistance, automated driving, connectivity and improved vehicle safety.

The company's offerings include electrical distribution systems such as wiring harnesses, connectors and power-management components, as well as vehicle computing platforms, infotainment systems, user-interface technologies and advanced safety solutions.

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