State of Michigan Retirement System Raises Position in Aptiv PLC $APTV

State of Michigan Retirement System raised its holdings in Aptiv PLC (NYSE:APTV) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,749 shares of the auto parts company’s stock after buying an additional 1,600 shares during the period. State of Michigan Retirement System’s holdings in Aptiv were worth $5,168,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Stephens Inc. AR raised its holdings in shares of Aptiv by 3.9% in the 2nd quarter. Stephens Inc. AR now owns 4,096 shares of the auto parts company’s stock valued at $279,000 after purchasing an additional 155 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Aptiv by 1.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 9,760 shares of the auto parts company’s stock valued at $581,000 after purchasing an additional 160 shares in the last quarter. AlTi Global Inc. raised its holdings in shares of Aptiv by 1.6% in the 1st quarter. AlTi Global Inc. now owns 10,677 shares of the auto parts company’s stock valued at $635,000 after purchasing an additional 173 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Aptiv by 2.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,443 shares of the auto parts company’s stock valued at $502,000 after purchasing an additional 235 shares in the last quarter. Finally, Copperwynd Financial LLC raised its holdings in shares of Aptiv by 3.4% in the 2nd quarter. Copperwynd Financial LLC now owns 10,144 shares of the auto parts company’s stock valued at $692,000 after purchasing an additional 329 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Down 1.1%

Shares of NYSE APTV opened at $80.85 on Wednesday. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $88.80. The company has a market capitalization of $17.47 billion, a PE ratio of 64.17, a price-to-earnings-growth ratio of 0.85 and a beta of 1.58. 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 firm’s 50-day moving average is $83.55 and its two-hundred day moving average is $73.07.

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

Wall Street Analyst Weigh In

APTV has been the topic of a number of analyst reports. Cowen restated a “buy” rating on shares of Aptiv in a report on Friday. Oppenheimer set a $94.00 price target on shares of Aptiv and gave the stock an “outperform” rating in a research note on Friday. Citigroup assumed coverage on shares of Aptiv in a report on Friday, October 10th. They set a “buy” rating and a $109.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Aptiv from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Daiwa Capital Markets boosted their price objective on shares of Aptiv from $79.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.56.

Insider Activity

In other Aptiv news, CAO Allan J. Brazier sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the sale, the chief accounting officer owned 49,820 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is owned by company insiders.

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.