Public Employees Retirement System of Ohio Purchases New Shares in Aptiv PLC $APTV

Public Employees Retirement System of Ohio purchased a new position in shares of Aptiv PLC (NYSE:APTV) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 71,566 shares of the auto parts company’s stock, valued at approximately $4,393,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Shayne & Jacobs LLC lifted its holdings in Aptiv by 105.2% during the 1st quarter. Shayne & Jacobs LLC now owns 54,750 shares of the auto parts company’s stock worth $3,802,000 after buying an additional 28,070 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Aptiv by 6.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 479,758 shares of the auto parts company’s stock valued at $37,632,000 after buying an additional 28,061 shares during the period. HighTower Advisors LLC increased its stake in shares of Aptiv by 36.5% in the 4th quarter. HighTower Advisors LLC now owns 427,755 shares of the auto parts company’s stock valued at $32,548,000 after buying an additional 114,396 shares during the period. Swedbank AB raised its position in shares of Aptiv by 25.1% during the fourth quarter. Swedbank AB now owns 485,357 shares of the auto parts company’s stock worth $36,931,000 after acquiring an additional 97,289 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of Aptiv by 53.2% during the fourth quarter. Pacer Advisors Inc. now owns 2,213,657 shares of the auto parts company’s stock valued at $168,437,000 after acquiring an additional 768,630 shares during the period. Institutional investors own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

APTV has been the topic of a number of research reports. Morgan Stanley downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $71.00 to $55.00 in a research report on Wednesday, August 5th. Citigroup cut their price objective on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Argus set a $64.00 price objective on shares of Aptiv in a research note on Thursday, August 13th. Zacks Research lowered shares of Aptiv from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Finally, Evercore reiterated an “outperform” rating and set a $70.00 target price on shares of Aptiv in a research report on Monday, August 10th. Nineteen analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and a consensus price target of $76.50.

Aptiv Stock Up 0.5%

Aptiv stock opened at $45.08 on Thursday. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of 42.53, a PEG ratio of 0.87 and a beta of 1.45. The company’s 50 day simple moving average is $53.83 and its 200 day simple moving average is $61.54. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.33. Aptiv PLC has a fifty-two week low of $44.52 and a fifty-two week high of $88.93.

Aptiv (NYSE:APTV) last issued its earnings results on Tuesday, August 4th. The auto parts company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.42 by $0.21. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.31 billion. Aptiv had a net margin of 1.17% and a return on equity of 17.10%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.12 earnings per share. Aptiv has set its FY 2026 guidance at 5.600-5.800 EPS and its Q3 2026 guidance at 1.250-1.350 EPS. As a group, sell-side analysts anticipate that Aptiv PLC will post 5.69 EPS for the current year.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.