Quarry LP Has $703,000 Stock Position in Aptiv PLC $APTV

Key Points

• Quarry LP significantly increased its stake in Aptiv PLC by 580.3% in the first quarter, now holding a total of 11,810 shares valued at approximately $703,000.
• Several hedge funds also boosted their positions in Aptiv during the same period, with Panagora Asset Management increasing its shares by 433.8%, owning 105,916 shares worth $6.3 million.
• Aptiv reported earnings of $2.12 per share for the last quarter, surpassing estimates, with a revenue of $5.21 billion, marking a 3.1% increase year-over-year.

Quarry LP lifted its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 580.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,810 shares of the auto parts company's stock after acquiring an additional 10,074 shares during the quarter. Quarry LP's holdings in Aptiv were worth $703,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in APTV. Goldman Sachs Group Inc. lifted its holdings in Aptiv by 242.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company's stock worth $509,366,000 after buying an additional 6,062,438 shares in the last quarter. AustralianSuper Pty Ltd acquired a new stake in shares of Aptiv in the 1st quarter valued at about $117,260,000. Pacer Advisors Inc. raised its stake in shares of Aptiv by 5,379.7% in the 1st quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company's stock valued at $113,489,000 after purchasing an additional 1,872,571 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Aptiv in the 1st quarter valued at about $47,825,000. Finally, Deutsche Bank AG grew its position in shares of Aptiv by 41.0% during the 4th quarter. Deutsche Bank AG now owns 1,399,744 shares of the auto parts company's stock valued at $84,657,000 after buying an additional 407,180 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Analysts Set New Price Targets

APTV has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Aptiv from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Piper Sandler set a $70.00 target price on shares of Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Oppenheimer restated an "outperform" rating and issued a $88.00 target price (up previously from $84.00) on shares of Aptiv in a research report on Monday, August 4th. Barclays upped their target price on shares of Aptiv from $65.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Guggenheim cut shares of Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Aptiv currently has a consensus rating of "Moderate Buy" and an average price target of $82.75.

Aptiv Trading Up 1.2%

Shares of NYSE:APTV traded up $0.96 during mid-day trading on Thursday, hitting $80.59. The stock had a trading volume of 1,232,765 shares, compared to its average volume of 2,977,757. The company has a market cap of $17.55 billion, a PE ratio of 18.44, a P/E/G ratio of 0.89 and a beta of 1.48. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. The company's 50 day moving average is $71.84 and its 200-day moving average is $65.60. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $81.13.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share for the quarter, beating the consensus estimate 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%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. On average, sell-side analysts predict that Aptiv PLC will post 7.2 EPS for the current 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.