Swedbank AB Increases Stock Holdings in Aptiv PLC $APTV

Key Points

• Swedbank AB significantly increased its holdings in Aptiv PLC by 67.6% during the first quarter, now owning approximately 322,586 shares valued at $19.19 million.
• Analysts have mixed views on Aptiv, with price targets ranging from $60 to $105, and the stock currently has an average rating of "Moderate Buy."
• Aptiv's recent quarterly earnings exceeded estimates, reporting $2.12 EPS against a consensus of $1.83, with revenues of $5.21 billion, representing a year-over-year increase of 3.1%.

Swedbank AB increased its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 67.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,586 shares of the auto parts company's stock after buying an additional 130,157 shares during the period. Swedbank AB owned about 0.15% of Aptiv worth $19,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation National Association UT purchased a new position in Aptiv in the 1st quarter valued at $26,000. 1248 Management LLC purchased a new position in Aptiv in the 1st quarter valued at $28,000. Geneos Wealth Management Inc. lifted its holdings in Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company's stock valued at $29,000 after purchasing an additional 398 shares in the last quarter. Mather Group LLC. lifted its holdings in Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after purchasing an additional 385 shares in the last quarter. Finally, Eastern Bank purchased a new position in Aptiv in the 1st quarter valued at $39,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analysts Set New Price Targets

APTV has been the topic of a number of research reports. Wolfe Research lowered Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Oppenheimer raised their price objective on Aptiv from $88.00 to $92.00 and gave the company an "outperform" rating in a report on Thursday. Morgan Stanley raised their price objective on Aptiv from $55.00 to $60.00 and gave the company an "underweight" rating in a report on Tuesday, August 12th. UBS Group raised their price objective on Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Finally, Barclays raised Aptiv from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $85.00 to $105.00 in a research note on Friday. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $85.53.

Aptiv Stock Down 1.0%

Shares of NYSE:APTV opened at $82.89 on Monday. The business has a 50-day moving average price of $73.45 and a 200 day moving average price of $66.33. 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 company has a market capitalization of $18.05 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 0.92 and a beta of 1.48. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $84.72.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data 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 firm 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%.The company's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company 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. Sell-side analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

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.

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