440,000 Shares in Aptiv PLC $APTV Acquired by Strs Ohio

Key Points

• Strs Ohio has acquired a new position in Aptiv PLC, purchasing 440,000 shares valued at approximately $26.18 million, bringing its total ownership to 0.20% as of the end of the last quarter.
• Analyst price targets for Aptiv have increased significantly, with Wells Fargo raising its target from $89.00 to $103.00 and Oppenheimer from $88.00 to $92.00, indicating a generally positive outlook among analysts.
• Aptiv reported a quarterly EPS of $2.12, exceeding estimates by $0.29, alongside a year-over-year revenue increase of 3.1%, indicating strong financial performance amid market challenges.

Strs Ohio acquired a new position in Aptiv PLC (NYSE:APTV - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 440,000 shares of the auto parts company's stock, valued at approximately $26,180,000. Strs Ohio owned about 0.20% of Aptiv as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in APTV. Goldman Sachs Group Inc. increased 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 acquiring an additional 6,062,438 shares during the last quarter. AustralianSuper Pty Ltd purchased a new stake in Aptiv in the 1st quarter worth about $117,260,000. Pacer Advisors Inc. grew its holdings in Aptiv by 5,379.7% during 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 buying an additional 1,872,571 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Aptiv by 53.6% during the 1st quarter. Alliancebernstein L.P. now owns 3,515,617 shares of the auto parts company's stock valued at $209,179,000 after buying an additional 1,227,020 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Aptiv during the 1st quarter valued at about $47,825,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on APTV shares. Royal Bank Of Canada lifted their target price on Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Robert W. Baird lifted their target price on Aptiv from $84.00 to $97.00 and gave the company an "outperform" rating in a report on Wednesday, September 3rd. UBS Group lifted their target price on Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Barclays raised Aptiv from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $85.00 to $105.00 in a report on Friday. Finally, Wells Fargo & Company lifted their target price on Aptiv from $89.00 to $103.00 and gave the company an "overweight" rating in a report on Tuesday, September 9th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.53.

Aptiv Price Performance

NYSE:APTV traded up $0.01 during mid-day trading on Monday, reaching $82.80. The stock had a trading volume of 1,586,379 shares, compared to its average volume of 2,201,511. The firm has a 50 day moving average price of $73.66 and a two-hundred day moving average price of $66.46. The stock has a market capitalization of $18.03 billion, a P/E ratio of 18.95, a P/E/G ratio of 0.92 and a beta of 1.48. Aptiv PLC has a one year low of $47.19 and a one year high of $84.72. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76.

Aptiv (NYSE:APTV - Get Free Report) last released 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. The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.Aptiv's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous 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. As a group, analysts expect that Aptiv PLC will post 7.2 earnings per share 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.