State of Wyoming Invests $406,000 in Aptiv PLC $APTV

Key Points

• The State of Wyoming invested approximately $406,000 in Aptiv PLC, acquiring 6,820 shares of the auto parts company in the first quarter.
• Aptiv received several price target upgrades from analysts, with Royal Bank of Canada raising its target from $85.00 to $92.00 and Oppenheimer increasing its target from $84.00 to $88.00.
• The company reported an earnings per share (EPS) of $2.12 for the last quarter, exceeding expectations and showing a revenue increase of 3.1% year-over-year.

State of Wyoming bought a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,820 shares of the auto parts company's stock, valued at approximately $406,000.

A number of other hedge funds also recently modified their holdings of APTV. Ieq Capital LLC lifted its holdings in Aptiv by 192.0% in the first quarter. Ieq Capital LLC now owns 39,576 shares of the auto parts company's stock valued at $2,355,000 after buying an additional 26,023 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Aptiv by 1.7% in the first quarter. Gamco Investors INC. ET AL now owns 9,760 shares of the auto parts company's stock valued at $581,000 after buying an additional 160 shares during the period. Causeway Capital Management LLC lifted its holdings in Aptiv by 68.9% in the first quarter. Causeway Capital Management LLC now owns 860,744 shares of the auto parts company's stock valued at $51,214,000 after buying an additional 351,095 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Aptiv by 103.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 69,189 shares of the auto parts company's stock valued at $4,117,000 after buying an additional 35,100 shares during the period. Finally, SVB Wealth LLC acquired a new position in Aptiv in the first quarter valued at $59,000. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Stock Performance

APTV traded up $1.24 during midday trading on Wednesday, reaching $79.63. The company had a trading volume of 3,122,297 shares, compared to its average volume of 2,558,716. The stock has a market cap of $17.34 billion, a PE ratio of 18.22, 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 business has a 50-day moving average price of $71.84 and a two-hundred day moving average price of $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 posted its earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter in the prior year, the firm posted $1.58 EPS. Aptiv's revenue was up 3.1% on a year-over-year basis. 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 expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on APTV shares. Wells Fargo & Company boosted their target price on shares of Aptiv from $86.00 to $89.00 and gave the company an "overweight" rating in a report on Friday, August 1st. UBS Group lifted their price target on shares of Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Bank of America lifted their price target on shares of Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Morgan Stanley lifted their price target 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, Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $82.75.

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.