Ieq Capital LLC Buys 26,023 Shares of Aptiv PLC $APTV

Key Points

• Ieq Capital LLC increased its holdings in Aptiv PLC by 192%, acquiring an additional 26,023 shares, bringing its total to 39,576 shares worth approximately $2.36 million.
• Aptiv reported $2.12 earnings per share (EPS), surpassing analyst expectations of $1.83, and achieved revenue of $5.21 billion for the quarter.
• Equities research analysts have set new price targets for Aptiv, with UBS increasing its target from $66 to $75 and Wells Fargo raising it from $86 to $89, reflecting a generally positive outlook on the stock.

Ieq Capital LLC lifted its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 192.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,576 shares of the auto parts company's stock after purchasing an additional 26,023 shares during the quarter. Ieq Capital LLC's holdings in Aptiv were worth $2,355,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Zions Bancorporation National Association UT purchased a new stake in Aptiv in the first quarter worth approximately $26,000. Mather Group LLC. boosted its stake in Aptiv by 155.2% in the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after buying an additional 385 shares in the last quarter. Eastern Bank purchased a new stake in Aptiv in the first quarter worth approximately $39,000. Versant Capital Management Inc boosted its stake in Aptiv by 201.7% in the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after buying an additional 470 shares in the last quarter. Finally, UMB Bank n.a. purchased a new stake in Aptiv in the first quarter worth approximately $48,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Stock Up 0.0%

APTV traded up $0.02 during trading on Friday, reaching $80.47. The stock had a trading volume of 2,586,488 shares, compared to its average volume of 2,341,587. The stock's 50 day moving average is $72.33 and its two-hundred day moving average is $65.78. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $17.52 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 0.90 and a beta of 1.48. Aptiv PLC has a one year low of $47.19 and a one year high of $82.05.

Aptiv (NYSE:APTV - Get Free Report) last released 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 return on equity of 18.46% and a net margin of 5.12%.The firm had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. During the same period in the prior year, the firm posted $1.58 earnings per share. The company's quarterly 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. As a group, analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on APTV. Wall Street Zen raised Aptiv from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Royal Bank Of Canada upped their target price on Aptiv from $85.00 to $92.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Wolfe Research downgraded Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price objective on Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, UBS Group boosted their price objective on Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $82.33.

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.