Panagora Asset Management Inc. Acquires 86,075 Shares of Aptiv PLC $APTV

Key Points

• Panagora Asset Management Inc. significantly increased its holdings in Aptiv PLC by 433.8% during the first quarter, now owning 105,916 shares valued at approximately $6.3 million.
• Other hedge funds also boosted their positions in Aptiv, with 94.21% of the stock currently owned by institutional investors.
• Aptiv reported a strong earnings performance, with $2.12 EPS for the last quarter, surpassing analysts' expectations of $1.83 EPS and projecting a fiscal year 2025 EPS guidance of 7.300-7.600.

Panagora Asset Management Inc. boosted its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 433.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,916 shares of the auto parts company's stock after purchasing an additional 86,075 shares during the period. Panagora Asset Management Inc.'s holdings in Aptiv were worth $6,302,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of Aptiv by 241.9% during the 4th quarter. AQR Capital Management LLC now owns 333,200 shares of the auto parts company's stock valued at $20,152,000 after acquiring an additional 235,745 shares in the last quarter. AlTi Global Inc. acquired a new position in Aptiv during the 4th quarter worth $642,000. Alyeska Investment Group L.P. acquired a new position in Aptiv during the 4th quarter worth $23,164,000. BNP Paribas Financial Markets grew its holdings in Aptiv by 102.1% during the 4th quarter. BNP Paribas Financial Markets now owns 533,917 shares of the auto parts company's stock worth $32,291,000 after acquiring an additional 269,770 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Aptiv by 14.5% in the 4th quarter. Benjamin Edwards Inc. now owns 17,647 shares of the auto parts company's stock valued at $1,067,000 after buying an additional 2,230 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Stock Up 1.2%

APTV traded up $0.96 on Thursday, reaching $80.59. 1,806,324 shares of the company traded hands, compared to its average volume of 2,982,515. 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 company has a market cap of $17.55 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 0.89 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 $71.84 and its 200-day moving average price is $65.60.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 earnings per share. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. On average, sell-side analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

APTV has been the subject of several research reports. Piper Sandler set a $70.00 price target on shares of Aptiv and gave the company a "neutral" rating in a report on Thursday, May 22nd. Wolfe Research downgraded shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. Wall Street Zen upgraded shares of Aptiv from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $82.75.

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.