Goelzer Investment Management Inc. Purchases Shares of 38,543 Aptiv PLC $APTV

Key Points

• Goelzer Investment Management Inc. acquired 38,543 shares of Aptiv PLC for approximately $2.63 million, indicating institutional interest in the auto parts company's stock.
• Aptiv reported an EPS of $2.12 for the quarter, surpassing the consensus estimate of $1.83, alongside a 3.1% year-over-year revenue increase.
• Several analysts have raised their price targets for Aptiv, with Robert W. Baird setting a new target at $97.00 and maintaining an "outperform" rating.

Goelzer Investment Management Inc. bought a new stake in Aptiv PLC (NYSE:APTV - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 38,543 shares of the auto parts company's stock, valued at approximately $2,629,000.

Several other institutional investors have also modified their holdings of APTV. Gamco Investors INC. ET AL grew its stake in shares of Aptiv by 1.7% during the first quarter. Gamco Investors INC. ET AL now owns 9,760 shares of the auto parts company's stock worth $581,000 after purchasing an additional 160 shares in the last quarter. AlTi Global Inc. boosted its stake in Aptiv by 1.6% in the first quarter. AlTi Global Inc. now owns 10,677 shares of the auto parts company's stock valued at $635,000 after acquiring an additional 173 shares in the last quarter. Stephens Inc. AR boosted its stake in Aptiv by 5.4% in the first quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company's stock valued at $234,000 after acquiring an additional 201 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Aptiv by 2.9% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,443 shares of the auto parts company's stock valued at $502,000 after acquiring an additional 235 shares in the last quarter. Finally, OLD Second National Bank of Aurora boosted its stake in Aptiv by 1.0% in the first quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company's stock valued at $1,461,000 after acquiring an additional 239 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Price Performance

Shares of APTV stock traded down $0.08 during midday trading on Friday, reaching $85.29. 5,221,026 shares of the company traded hands, compared to its average volume of 2,175,836. The firm's 50 day simple moving average is $74.76 and its two-hundred day simple moving average is $67.00. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $86.43. 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 $18.57 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 0.95 and a beta of 1.48.

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, beating 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 company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same period last year, the firm earned $1.58 EPS. The company's revenue for the quarter 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, equities research analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Bank of America upped their price objective on shares of Aptiv from $85.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. UBS Group increased their target price on shares of Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Robert W. Baird increased their target price on shares of Aptiv from $84.00 to $97.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 3rd. Finally, Oppenheimer increased their target price on shares of Aptiv from $88.00 to $92.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. Three 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 company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $85.53.

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.