VIRGINIA RETIREMENT SYSTEMS ET Al Grows Stock Holdings in Aptiv PLC $APTV

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Aptiv PLC (NYSE:APTV) by 175.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 661,312 shares of the auto parts company’s stock after purchasing an additional 421,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.30% of Aptiv worth $57,018,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stephens Inc. AR lifted its holdings in shares of Aptiv by 3.9% during the 2nd quarter. Stephens Inc. AR now owns 4,096 shares of the auto parts company’s stock valued at $279,000 after buying an additional 155 shares during the period. AlTi Global Inc. increased its position in Aptiv by 1.6% during the first quarter. AlTi Global Inc. now owns 10,677 shares of the auto parts company’s stock valued at $635,000 after acquiring an additional 173 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Aptiv by 18.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,148 shares of the auto parts company’s stock valued at $78,000 after acquiring an additional 179 shares during the last quarter. True Wealth Design LLC lifted its holdings in Aptiv by 83.8% in the second quarter. True Wealth Design LLC now owns 397 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 181 shares during the period. Finally, MAI Capital Management boosted its position in Aptiv by 6.5% in the second quarter. MAI Capital Management now owns 3,458 shares of the auto parts company’s stock worth $236,000 after purchasing an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

NYSE:APTV opened at $76.88 on Wednesday. The business’s 50-day simple moving average is $78.98 and its two-hundred day simple moving average is $77.06. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $88.80. The stock has a market cap of $16.61 billion, a PE ratio of 61.02, a P/E/G ratio of 0.97 and a beta of 1.51. The company has a quick ratio of 1.26, a current ratio of 1.79 and a debt-to-equity ratio of 0.80.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 30th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.36. The firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Aptiv had a return on equity of 18.51% and a net margin of 1.46%.The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business 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. As a group, analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley set a $84.00 price objective on shares of Aptiv and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Oppenheimer set a $94.00 price target on shares of Aptiv and gave the stock an “outperform” rating in a research report on Friday, October 31st. Bank of America lifted their price target on shares of Aptiv from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. BNP Paribas Exane upped their price objective on Aptiv from $100.00 to $107.00 in a research note on Friday, November 21st. Finally, Cowen reaffirmed a “buy” rating on shares of Aptiv in a report on Friday, October 31st. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $96.63.

Aptiv Company Profile

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.