State of New Jersey Common Pension Fund D Has $4.77 Million Holdings in Aptiv PLC $APTV

Key Points

• The State of New Jersey Common Pension Fund D reduced its holdings in Aptiv PLC by 17.5%, now owning 80,170 shares valued at approximately $4.77 million.
• Goldman Sachs Group Inc. significantly increased its stake in Aptiv by 242.7%, owning over 8.5 million shares valued at about $509 million.
• Aptiv recently reported earnings of $2.12 per share, exceeding estimates and indicating a year-over-year revenue growth of 3.1%.

State of New Jersey Common Pension Fund D reduced its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,170 shares of the auto parts company's stock after selling 17,045 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Aptiv were worth $4,770,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Stephens Inc. AR raised its stake in Aptiv by 5.4% during the 1st quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company's stock valued at $234,000 after purchasing an additional 201 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Aptiv by 2.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,443 shares of the auto parts company's stock valued at $502,000 after buying an additional 235 shares in the last quarter. OLD Second National Bank of Aurora raised its stake in shares of Aptiv by 1.0% in the 1st 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 buying an additional 239 shares in the last quarter. ProShare Advisors LLC raised its stake 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 valued at $3,128,000 after buying an additional 248 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its stake in shares of Aptiv by 1.3% in 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 buying an additional 341 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Price Performance

Shares of Aptiv stock traded up $4.0050 during mid-day trading on Friday, reaching $78.3750. 2,149,013 shares of the stock were exchanged, compared to its average volume of 2,903,292. The company has a market cap of $17.07 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 0.88 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 has a 50-day simple moving average of $69.94 and a 200 day simple moving average of $64.80. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $78.44.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $5.21 billion during the quarter, compared to analysts' expectations 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 quarter last year, the company posted $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 fiscal year.

Wall Street Analysts Forecast Growth

APTV has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price objective on shares of Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Barclays increased their price objective on shares of Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Robert W. Baird set a $82.00 price objective on shares of Aptiv and gave the company an "outperform" rating in a research note on Friday, July 11th. Morgan Stanley increased their price objective on shares of Aptiv from $55.00 to $60.00 and gave the company an "underweight" rating in a research note on Tuesday, August 12th. Finally, Piper Sandler set a $70.00 price objective on shares of Aptiv and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Aptiv presently has an average rating of "Moderate Buy" and a consensus target price of $81.81.

Aptiv Company 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.