Perpetual Ltd Acquires 213,977 Shares of Aptiv PLC $APTV

Key Points

• Perpetual Ltd increased its Aptiv stake by 9% in the third quarter, adding 213,977 shares to own 2.6 million shares worth approximately $112 million, or 1.25% of Aptiv.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $72.60, although several firms recently lowered their targets to between $57 and $66.
• Aptiv shares opened at $43.51, near their 52-week low of $42.56. The company beat quarterly EPS expectations, reporting $1.63 versus the $1.42 consensus, while revenue rose 2.3% year over year to $3.27 billion.

Perpetual Ltd grew its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 9.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,602,895 shares of the auto parts company's stock after purchasing an additional 213,977 shares during the period. Aptiv accounts for 1.7% of Perpetual Ltd's portfolio, making the stock its 16th biggest position. Perpetual Ltd owned approximately 1.25% of Aptiv worth $111,977,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Ameritas Advisory Services LLC acquired a new position in shares of Aptiv in the 2nd quarter valued at about $29,000. Eastern Bank boosted its stake in Aptiv by 702.9% in the second quarter. Eastern Bank now owns 546 shares of the auto parts company's stock valued at $34,000 after acquiring an additional 478 shares during the period. Evelyn Partners Investment Management Services Ltd boosted its stake in Aptiv by 108.7% in the first quarter. Evelyn Partners Investment Management Services Ltd now owns 576 shares of the auto parts company's stock valued at $40,000 after acquiring an additional 300 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Aptiv during the fourth quarter valued at approximately $48,000. Finally, Root Financial Partners LLC grew its holdings in shares of Aptiv by 62.2% during the first quarter. Root Financial Partners LLC now owns 709 shares of the auto parts company's stock valued at $49,000 after purchasing an additional 272 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on APTV shares. Fox Advisors cut Aptiv from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, August 5th. Wells Fargo & Company reduced their price objective on Aptiv from $77.00 to $66.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Barclays lowered their price objective on Aptiv from $65.00 to $60.00 and set an "overweight" rating for the company in a research note on Friday. The Goldman Sachs Group dropped their target price on Aptiv from $71.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, October 6th. Finally, UBS Group dropped their target price on Aptiv from $62.00 to $57.00 and set a "buy" rating on the stock in a research report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Aptiv has a consensus rating of "Moderate Buy" and an average target price of $72.60.

Aptiv Stock Down 0.7%

Shares of Aptiv stock opened at $43.51 on Tuesday. The business's fifty day moving average price is $45.86 and its two-hundred day moving average price is $55.60. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.33. The company has a market capitalization of $9.03 billion, a P/E ratio of 41.05, a PEG ratio of 0.85 and a beta of 1.48. Aptiv PLC has a 1-year low of $42.56 and a 1-year high of $88.93.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.21. The company had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $3.31 billion. Aptiv had a return on equity of 17.10% and a net margin of 1.17%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.12 earnings per share. Aptiv has set its FY 2026 guidance at 5.600-5.800 EPS and its Q3 2026 guidance at 1.250-1.350 EPS. As a group, research analysts forecast that Aptiv PLC will post 5.68 EPS for the current year.

About Aptiv

Aptiv PLC NYSE: APTV is a global automotive technology company that develops hardware, software and systems designed to support safer, more connected and increasingly automated vehicles. Its products help automakers manage vehicle data, electrical power, computing, communications and advanced driver-assistance functions.

The company's offerings include vehicle electrical and electronic architectures, wiring and connection systems, high-voltage components for electrified vehicles, automotive computing platforms, sensing technologies and software.

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