Wright Investors Service Inc. Takes Position in Aptiv PLC $APTV

Key Points

• Wright Investors Service Inc. acquired 8,029 shares of Aptiv PLC, valued at approximately $548,000, highlighting increasing institutional interest in the company.
• Aptiv reported earnings of $2.12 per share for the last quarter, exceeding estimates and indicating a year-over-year revenue growth of 3.1%.
• Several brokerages have raised their ratings and target prices on Aptiv, with a current consensus price target of $85.53 and a rating of "Moderate Buy."

Wright Investors Service Inc. acquired a new position in Aptiv PLC (NYSE:APTV - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,029 shares of the auto parts company's stock, valued at approximately $548,000.

Several other hedge funds have also recently bought and sold shares of APTV. Zions Bancorporation National Association UT purchased a new stake in Aptiv in the 1st quarter worth about $26,000. 1248 Management LLC purchased a new stake in Aptiv in the 1st quarter worth about $28,000. Geneos Wealth Management Inc. lifted its stake in Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company's stock worth $29,000 after acquiring an additional 398 shares in the last quarter. Mather Group LLC. lifted its stake in Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after acquiring an additional 385 shares in the last quarter. Finally, Eastern Bank purchased a new stake in Aptiv in the 1st quarter worth about $39,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Price Performance

Shares of NYSE:APTV opened at $85.29 on Friday. The business has a 50 day moving average price of $74.76 and a 200 day moving average price of $66.99. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $86.43. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 0.95 and a beta of 1.48. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.

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 for the quarter, beating the consensus estimate of $1.83 by $0.29. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the company earned $1.58 EPS. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. Research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on APTV. Wall Street Zen raised Aptiv from a "hold" rating to a "buy" rating in a research note on Monday, September 15th. Oppenheimer upped their target price on Aptiv from $88.00 to $92.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Robert W. Baird upped their target price on Aptiv from $84.00 to $97.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 3rd. UBS Group upped their target price on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, Barclays raised Aptiv from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $85.00 to $105.00 in a research report on Friday, September 12th. Three investment 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $85.53.

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.

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