Public Sector Pension Investment Board Boosts Position in Aptiv PLC $APTV

Key Points

• The Public Sector Pension Investment Board increased its stake in Aptiv PLC by 20.6%, owning 30,538 shares valued at $1,817,000 as of the latest reporting period.
• Aptiv reported earnings of $2.12 per share for the last quarter, exceeding analysts' estimates of $1.83 and showing a revenue increase of 3.1% year-over-year.
• Analysts have varying ratings for Aptiv, with a consensus rating of "Moderate Buy" and a target price averaging $81.81.

Public Sector Pension Investment Board increased its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 20.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,538 shares of the auto parts company's stock after purchasing an additional 5,222 shares during the quarter. Public Sector Pension Investment Board's holdings in Aptiv were worth $1,817,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stephens Inc. AR grew its holdings in Aptiv by 5.4% during the first quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company's stock worth $234,000 after purchasing an additional 201 shares during the period. OLD Second National Bank of Aurora increased its holdings in shares of Aptiv by 1.0% during the first quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company's stock valued at $1,461,000 after acquiring an additional 239 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Aptiv by 0.5% in the 4th quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock worth $3,128,000 after purchasing an additional 248 shares in the last quarter. Rafferty Asset Management LLC increased its stake in Aptiv by 1.3% during the 4th quarter. Rafferty Asset Management LLC now owns 25,669 shares of the auto parts company's stock valued at $1,552,000 after purchasing an additional 341 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co raised its holdings in Aptiv by 1.9% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 19,565 shares of the auto parts company's stock worth $1,183,000 after buying an additional 360 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Trading Up 0.2%

Shares of NYSE APTV traded up $0.1850 during midday trading on Monday, reaching $78.6150. The company had a trading volume of 584,855 shares, compared to its average volume of 2,992,538. The firm's fifty day moving average price is $69.94 and its 200-day moving average price is $64.80. 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 PLC has a one year low of $47.19 and a one year high of $78.86. The stock has a market cap of $17.12 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 0.88 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last issued 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 for 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 firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $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, equities research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Bank of America raised their price target on shares of Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Wolfe Research lowered shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Barclays raised their price target on shares of Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. Finally, Robert W. Baird set a $82.00 target price on Aptiv and gave the company an "outperform" rating in a report on Friday, July 11th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $81.81.

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.