Cresset Asset Management LLC Acquires New Position in Aptiv PLC $APTV

Key Points

• Cresset Asset Management LLC purchased a new stake in Aptiv PLC, acquiring 3,377 shares valued at approximately $201,000 in the first quarter of the year.
• Aptiv's Q2 earnings beat estimates with $2.12 earnings per share, surpassing the consensus estimate of $1.83, and revenue reached $5.21 billion.
• Currently, Aptiv is experiencing an average rating of "Moderate Buy" from analysts, with an average target price of $81.81.

Cresset Asset Management LLC acquired a new stake in Aptiv PLC (NYSE:APTV - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,377 shares of the auto parts company's stock, valued at approximately $201,000.

Other large investors have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT acquired a new position in Aptiv in the first quarter valued at approximately $26,000. Mather Group LLC. increased its holdings in 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 during the last quarter. Eastern Bank purchased a new position in Aptiv in the first quarter valued at $39,000. Versant Capital Management Inc increased 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 buying an additional 470 shares during the last quarter. Finally, UMB Bank n.a. purchased a new position in Aptiv in the first quarter valued at $48,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Piper Sandler set a $70.00 price objective on Aptiv and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Barclays raised their price objective on shares of Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Wells Fargo & Company raised their price objective on shares of Aptiv from $86.00 to $89.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Aptiv from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Royal Bank Of Canada upped their target price on Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Aptiv presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.81.

Aptiv Stock Down 0.8%

Shares of NYSE:APTV traded down $0.62 during midday trading on Monday, hitting $79.68. 1,834,007 shares of the company's stock traded hands, compared to its average volume of 2,691,584. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $81.13. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. The company has a market cap of $17.35 billion, a PE ratio of 18.23, a P/E/G ratio of 0.89 and a beta of 1.48. The firm's fifty day moving average price is $71.13 and its two-hundred day moving average price is $65.32.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The firm's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. On average, equities research 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.