Contravisory Investment Management Inc. Takes Position in Aptiv PLC $APTV

Key Points

• Contravisory Investment Management Inc. has purchased 7,053 shares of Aptiv PLC, valued at approximately $481,000, marking a new investment in the auto parts company.
• Aptiv's current stock analysis reflects an average rating of Moderate Buy with a target price of $85.53, following various rating changes by multiple analysts.
• The company reported $2.12 earnings per share in its latest quarterly earnings, exceeding analysts' estimates, with year-over-year revenue growth of 3.1% to $5.21 billion.

Contravisory Investment Management Inc. purchased a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,053 shares of the auto parts company's stock, valued at approximately $481,000.

A number of other large investors have also added to or reduced their stakes in APTV. Goldman Sachs Group Inc. increased its holdings in shares of 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 buying an additional 6,062,438 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Aptiv by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,934,199 shares of the auto parts company's stock valued at $353,085,000 after purchasing an additional 570,930 shares during the period. Alliancebernstein L.P. increased its holdings in Aptiv by 53.6% during the 1st quarter. Alliancebernstein L.P. now owns 3,515,617 shares of the auto parts company's stock valued at $209,179,000 after purchasing an additional 1,227,020 shares during the period. Canada Pension Plan Investment Board increased its holdings in Aptiv by 8.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 3,404,273 shares of the auto parts company's stock valued at $202,554,000 after purchasing an additional 266,176 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Aptiv by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,577,294 shares of the auto parts company's stock valued at $153,373,000 after purchasing an additional 36,270 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

NYSE APTV traded down $0.08 during trading hours on Friday, hitting $85.29. 5,221,026 shares of the company's stock traded hands, compared to its average volume of 2,175,836. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $86.43. The company has a market capitalization of $18.57 billion, a PE ratio of 19.52, a PEG ratio of 0.95 and a beta of 1.48. 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's 50-day moving average is $74.76 and its 200-day moving average is $66.99.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. Aptiv's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Equities analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group boosted their price target on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Bank of America increased their price target on Aptiv from $85.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Morgan Stanley increased their price target on shares of Aptiv from $55.00 to $60.00 and gave the company an "underweight" rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of Aptiv from a "hold" rating to a "buy" rating in a research report on Monday, September 15th. Finally, Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Three investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $85.53.

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.