1832 Asset Management L.P. Makes New $1.72 Million Investment in Aptiv PLC $APTV

1832 Asset Management L.P. purchased a new stake in Aptiv PLC (NYSE:APTV) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 25,181 shares of the auto parts company’s stock, valued at approximately $1,718,000.

Several other hedge funds also recently made changes to their positions in APTV. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Aptiv by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,934,199 shares of the auto parts company’s stock valued at $353,085,000 after purchasing an additional 570,930 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Aptiv by 6.6% in the second quarter. Franklin Resources Inc. now owns 3,579,344 shares of the auto parts company’s stock valued at $244,183,000 after buying an additional 221,449 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of 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 acquiring an additional 1,227,020 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Aptiv by 8.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 3,404,273 shares of the auto parts company’s stock valued at $202,554,000 after acquiring an additional 266,176 shares during the last quarter. Finally, Boston Partners bought a new stake in shares of Aptiv during the 2nd quarter worth $220,911,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

APTV has been the topic of a number of recent analyst reports. Argus boosted their target price on Aptiv from $78.00 to $99.00 in a research report on Monday, November 10th. Deutsche Bank Aktiengesellschaft cut their price objective on Aptiv from $105.00 to $104.00 in a report on Friday, October 31st. Wall Street Zen raised shares of Aptiv from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 23rd. Wells Fargo & Company dropped their target price on shares of Aptiv from $106.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, Evercore ISI boosted their price target on shares of Aptiv from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 24th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.42.

Insider Activity at Aptiv

In other news, CAO Allan J. Brazier sold 1,000 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $85.00, for a total transaction of $85,000.00. Following the transaction, the chief accounting officer directly owned 49,820 shares in the company, valued at $4,234,700. The trade was a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.45% of the stock is currently owned by corporate insiders.

Aptiv Price Performance

Shares of APTV opened at $76.46 on Friday. The company has a market capitalization of $16.52 billion, a price-to-earnings ratio of 60.68, a P/E/G ratio of 0.78 and a beta of 1.51. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $88.80. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.79 and a quick ratio of 1.26. The business’s 50-day moving average is $81.45 and its 200-day moving average is $75.80.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.81 by $0.36. The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $1.83 earnings per share. Aptiv has set its FY 2025 guidance at 7.550-7.850 EPS and its Q4 2025 guidance at 1.600-1.900 EPS. Equities research analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal 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.