Raymond James Financial Inc. Grows Stock Position in Aptiv PLC $APTV

Key Points

• Raymond James Financial Inc. increased its stake in Aptiv PLC by 829.4%, acquiring an additional 323,081 shares during the 1st quarter, bringing their total holdings to approximately $21.5 million.
• Aptiv reported a Q2 earnings per share (EPS) of $2.12, surpassing estimates by $0.29, with quarterly revenue reaching $5.21 billion, a 3.1% increase year-over-year.
• Analysts have a "Moderate Buy" consensus on Aptiv, with a average price target of $81.81, reflecting a range of ratings from "Strong Buy" to "Sell" from various financial institutions.

Raymond James Financial Inc. lifted its position in Aptiv PLC (NYSE:APTV - Free Report) by 829.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,034 shares of the auto parts company's stock after acquiring an additional 323,081 shares during the quarter. Raymond James Financial Inc. owned approximately 0.17% of Aptiv worth $21,541,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in APTV. Coldstream Capital Management Inc. raised its stake in shares of Aptiv by 11.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 8,486 shares of the auto parts company's stock worth $513,000 after purchasing an additional 882 shares during the period. Quarry LP bought a new position in shares of Aptiv during the 4th quarter worth $105,000. Public Employees Retirement Association of Colorado bought a new position in shares of Aptiv during the 4th quarter worth $1,536,000. Northern Trust Corp grew its stake in shares of Aptiv by 6.1% during the 4th quarter. Northern Trust Corp now owns 2,427,968 shares of the auto parts company's stock worth $146,844,000 after acquiring an additional 139,843 shares during the period. Finally, AQR Capital Management LLC grew its stake 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 worth $20,152,000 after acquiring an additional 235,745 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Aptiv Price Performance

Shares of APTV traded down $0.62 during trading hours on Friday, reaching $79.68. 1,834,007 shares of the company's stock traded hands, compared to its average volume of 2,739,295. The stock has a market cap of $17.35 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 0.89 and a beta of 1.48. 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 firm's 50 day simple moving average is $71.13 and its 200-day simple moving average is $65.33. 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 earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The firm's revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior 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. Equities analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on APTV. Bank of America increased their price target on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Piper Sandler set a $70.00 price target on Aptiv and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price objective on Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Morgan Stanley boosted their price objective on Aptiv from $55.00 to $60.00 and gave the company an "underweight" rating in a research note on Tuesday, August 12th. Finally, Wells Fargo & Company boosted their price objective on Aptiv from $86.00 to $89.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Aptiv has an average 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.