Public Employees Retirement System of Ohio Grows Stake in Aptiv PLC $APTV

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Aptiv PLC by 52.2%, owning approximately 0.13% of the company worth $18.7 million as of the latest SEC filing.
• Wall Street analysts have shown strong confidence in Aptiv, with multiple upgrades in price targets, leading to an overall average price target of $85.73 and a "Moderate Buy" rating.
• Aptiv reported $2.12 EPS for the last quarter, exceeding estimates and marking a 3.1% revenue increase compared to the previous year.

Public Employees Retirement System of Ohio boosted its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 52.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,293 shares of the auto parts company's stock after buying an additional 94,102 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.13% of Aptiv worth $18,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. Goldman Sachs Group Inc. grew its stake in Aptiv by 242.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company's stock valued at $509,366,000 after purchasing an additional 6,062,438 shares during the last quarter. AustralianSuper Pty Ltd acquired a new position in Aptiv in the 1st quarter worth approximately $117,260,000. Pacer Advisors Inc. raised its position in Aptiv by 5,379.7% during the 1st quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company's stock worth $113,489,000 after buying an additional 1,872,571 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Aptiv by 53.6% during the 1st quarter. Alliancebernstein L.P. now owns 3,515,617 shares of the auto parts company's stock valued at $209,179,000 after acquiring an additional 1,227,020 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Aptiv in the 1st quarter valued at $47,825,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on APTV shares. UBS Group lifted their price objective on Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. boosted their price target on Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Bank of America upped their price objective on Aptiv from $85.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Wall Street Zen raised shares of Aptiv from a "buy" rating to a "strong-buy" rating in a report on Tuesday. Finally, Robert W. Baird increased their price target on shares of Aptiv from $84.00 to $97.00 and gave the stock an "outperform" rating in a report on Wednesday, September 3rd. Three investment 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 issued a Sell rating to the company. According to MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and an average price target of $85.73.

Aptiv Stock Down 0.3%

Shares of NYSE:APTV opened at $84.80 on Friday. The business has a 50-day moving average price of $75.98 and a 200 day moving average price of $67.54. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $86.50. 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 $18.47 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 0.95 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $5.02 billion. During the same quarter in the previous year, the business earned $1.58 EPS. The company's quarterly revenue was up 3.1% compared to the same quarter last year. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. Sell-side analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Insider Activity

In related news, CAO Allan J. Brazier sold 1,000 shares of Aptiv stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the completion of the transaction, the chief accounting officer owned 49,820 shares in the company, valued at $4,234,700. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.45% of the company's stock.

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.

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