Canada Pension Plan Investment Board Has $202.55 Million Position in Aptiv PLC $APTV

Key Points

• The Canada Pension Plan Investment Board increased its stake in Aptiv PLC by 8.5%, holding approximately 3.4 million shares valued at $202.6 million as of the latest filing.
• Aptiv reported earnings of $2.12 per share for the last quarter, beating estimates, with a revenue of $5.21 billion, marking a 3.1% increase from the previous year.
• Analysts maintain a consensus rating of "Moderate Buy" for Aptiv, with price targets ranging from $70 to $92 as several institutions adjust their forecasts.

Canada Pension Plan Investment Board boosted its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 8.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,404,273 shares of the auto parts company's stock after acquiring an additional 266,176 shares during the period. Canada Pension Plan Investment Board owned about 1.56% of Aptiv worth $202,554,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its holdings in Aptiv by 242.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company's stock worth $509,366,000 after acquiring an additional 6,062,438 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Aptiv by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,577,294 shares of the auto parts company's stock worth $153,373,000 after acquiring an additional 36,270 shares during the last quarter. Northern Trust Corp lifted its holdings in Aptiv by 6.1% in the fourth quarter. Northern Trust Corp now owns 2,427,968 shares of the auto parts company's stock worth $146,844,000 after acquiring an additional 139,843 shares during the last quarter. AustralianSuper Pty Ltd bought a new position in Aptiv in the first quarter worth about $117,260,000. Finally, Pacer Advisors Inc. lifted its holdings in Aptiv by 5,379.7% in the first quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company's stock worth $113,489,000 after acquiring an additional 1,872,571 shares during the last quarter. Institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

Shares of NYSE APTV traded down $0.62 during mid-day trading on Monday, reaching $79.68. 1,834,007 shares of the company traded hands, compared to its average volume of 2,691,584. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two 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. The firm has a market cap of $17.35 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 0.89 and a beta of 1.48. The stock has a fifty day simple moving average of $71.13 and a 200-day simple moving average of $65.32.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly 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. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter in the previous year, the business posted $1.58 earnings per share. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. Equities research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analysts Set New Price Targets

APTV has been the topic of a number of recent analyst reports. Wall Street Zen raised Aptiv from a "hold" rating to a "buy" rating in a report on Saturday. Wolfe Research cut Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Morgan Stanley lifted their price target on Aptiv from $55.00 to $60.00 and gave the company an "underweight" rating in a report on Tuesday, August 12th. Barclays lifted their price target on Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Finally, Bank of America raised their price objective on shares of Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $81.81.

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.