Northwestern Mutual Wealth Management Co. Raises Position in Aptiv PLC $APTV

Key Points

• Northwestern Mutual Wealth Management Co. significantly increased its stake in Aptiv PLC by 256.5% during the first quarter, owning a total of 39,883 shares valued at $2,373,000.
• Analysts have raised their price targets for Aptiv, with Wells Fargo increasing it from $86.00 to $89.00, reflecting a positive outlook on the company's performance.
• Aptiv reported earnings of $2.12 per share for the most recent quarter, surpassing analysts' expectations, and set its FY 2025 guidance at $7.300-7.600 EPS.

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 256.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,883 shares of the auto parts company's stock after purchasing an additional 28,697 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Aptiv were worth $2,373,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Zions Bancorporation National Association UT acquired a new position in shares of Aptiv in the 1st quarter valued at $26,000. Mather Group LLC. increased its position in shares of Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 385 shares during the period. Eastern Bank acquired a new position in shares of Aptiv in the 1st quarter valued at $39,000. Versant Capital Management Inc increased its position in shares of Aptiv by 201.7% in the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after acquiring an additional 470 shares during the period. Finally, UMB Bank n.a. acquired a new position in shares of Aptiv in the 1st quarter valued at $48,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company upped their target price on Aptiv from $86.00 to $89.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Piper Sandler set a $70.00 price target on Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Wall Street Zen raised Aptiv from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group increased 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. Finally, Guggenheim downgraded Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. Three 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $81.81.

Aptiv Price Performance

NYSE:APTV opened at $79.68 on Friday. The stock has a market capitalization of $17.35 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 0.90 and a beta of 1.48. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $81.13. The stock's 50-day moving average price is $71.13 and its 200-day moving average price is $65.33. 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 issued its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share for the quarter, beating 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%. Aptiv's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company 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. As a group, equities analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

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.

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