Aptiv PLC $APTV Shares Bought by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec has increased its stake in Aptiv PLC by 61.8%, now owning a total of 44,350 shares worth approximately $2.6 million.
• Aptiv reported quarterly earnings of $2.12 per share, exceeding estimates and achieving a revenue of $5.21 billion, reflecting a year-over-year increase.
• Wall Street analysts have raised their price targets for Aptiv shares, with Barclays increasing it from $65.00 to $85.00 and Robert W. Baird from $84.00 to $97.00, indicating strong market support.

Federation des caisses Desjardins du Quebec lifted its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 61.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,350 shares of the auto parts company's stock after buying an additional 16,942 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Aptiv were worth $2,639,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of APTV. BNP Paribas Financial Markets lifted its position in shares of Aptiv by 102.1% during the fourth quarter. BNP Paribas Financial Markets now owns 533,917 shares of the auto parts company's stock worth $32,291,000 after purchasing an additional 269,770 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Aptiv by 14.5% in the fourth quarter. Benjamin Edwards Inc. now owns 17,647 shares of the auto parts company's stock worth $1,067,000 after purchasing an additional 2,230 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Aptiv by 41.0% in the fourth quarter. Deutsche Bank AG now owns 1,399,744 shares of the auto parts company's stock worth $84,657,000 after purchasing an additional 407,180 shares during the last quarter. Ensign Peak Advisors Inc increased its stake in Aptiv by 18.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 109,723 shares of the auto parts company's stock worth $6,636,000 after buying an additional 16,700 shares during the period. Finally, EdgePoint Investment Group Inc. lifted its holdings in Aptiv by 43.9% during the 4th quarter. EdgePoint Investment Group Inc. now owns 3,833 shares of the auto parts company's stock valued at $232,000 after buying an additional 1,169 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Stock Up 2.7%

Shares of NYSE APTV traded up $2.20 during mid-day trading on Thursday, reaching $83.81. 2,399,257 shares of the company were exchanged, compared to its average volume of 2,229,619. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $84.47. The firm has a 50-day moving average of $73.24 and a 200 day moving average of $66.21. The stock has a market cap of $18.25 billion, a price-to-earnings ratio of 19.18, a P/E/G ratio of 0.91 and a beta of 1.48. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results 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. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same period in the previous year, the company posted $1.58 earnings per share. The firm's revenue 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. On average, research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on APTV shares. Wall Street Zen lowered shares of Aptiv from a "buy" rating to a "hold" rating in a research report on Sunday. Wolfe Research cut Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Morgan Stanley lifted their target price on Aptiv from $55.00 to $60.00 and gave the company an "underweight" rating in a research report on Tuesday, August 12th. UBS Group upped their target price on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, Wells Fargo & Company raised their price target on Aptiv from $89.00 to $103.00 and gave the company an "overweight" rating in a research note on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.20.

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.