Aptiv (NYSE:APTV) Hits New 52-Week High on Analyst Upgrade

Shares of Aptiv PLC (NYSE:APTV) hit a new 52-week high on Monday after UBS Group raised their price target on the stock from $75.00 to $94.00. UBS Group currently has a neutral rating on the stock. Aptiv traded as high as $88.48 and last traded at $88.23, with a volume of 70958 shares traded. The stock had previously closed at $87.98.

Several other analysts also recently weighed in on APTV. Oppenheimer boosted their price target on Aptiv from $88.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aptiv in a research note on Saturday, September 27th. Wells Fargo & Company boosted their price target on Aptiv from $103.00 to $106.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. JPMorgan Chase & Co. upped their target price on Aptiv from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Morgan Stanley upped their target price on Aptiv from $55.00 to $60.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 12th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned 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 $87.81.

Insider Transactions at Aptiv

In other Aptiv news, CAO Allan J. Brazier sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $85.00, for a total transaction of $85,000.00. Following the transaction, the chief accounting officer owned 49,820 shares in the company, valued at approximately $4,234,700. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On Aptiv

Hedge funds and other institutional investors have recently made changes to their positions in the company. Middleton & Co. Inc. MA lifted its position in shares of Aptiv by 63.1% in the first quarter. Middleton & Co. Inc. MA now owns 33,668 shares of the auto parts company’s stock valued at $2,003,000 after acquiring an additional 13,026 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Aptiv by 3.5% in the first quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company’s stock valued at $16,826,000 after acquiring an additional 9,552 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Aptiv by 89.5% in the first quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company’s stock valued at $1,333,000 after acquiring an additional 10,585 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Aptiv by 348.2% in the first quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company’s stock valued at $164,000 after acquiring an additional 2,138 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Aptiv by 5.5% in the first quarter. Envestnet Asset Management Inc. now owns 303,652 shares of the auto parts company’s stock valued at $18,067,000 after acquiring an additional 15,849 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

The firm has a market cap of $19.07 billion, a PE ratio of 20.04, a P/E/G ratio of 0.98 and a beta of 1.55. The firm has a 50-day moving average price of $78.34 and a two-hundred day moving average price of $68.78. 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) last released 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. The business had revenue of $5.21 billion for 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 business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 earnings per share. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. Research analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal 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.