VIRGINIA RETIREMENT SYSTEMS ET Al Increases Stock Position in Aptiv PLC $APTV

VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of Aptiv PLC (NYSE:APTV) by 175.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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’s holdings in Aptiv were worth $57,018,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sivia Capital Partners LLC purchased a new position in Aptiv during the 3rd quarter valued at approximately $312,000. Nixon Peabody Trust Co. grew its holdings in shares of Aptiv by 2.8% in the third quarter. Nixon Peabody Trust Co. now owns 94,724 shares of the auto parts company’s stock valued at $8,167,000 after purchasing an additional 2,605 shares in the last quarter. Peddock Capital Advisors LLC grew its holdings in shares of Aptiv by 3.7% in the third quarter. Peddock Capital Advisors LLC now owns 6,698 shares of the auto parts company’s stock valued at $577,000 after purchasing an additional 239 shares in the last quarter. Ellsworth Advisors LLC bought a new stake in Aptiv in the third quarter worth $5,380,000. Finally, Blue Trust Inc. raised its stake in Aptiv by 77.0% during the third quarter. Blue Trust Inc. now owns 2,122 shares of the auto parts company’s stock valued at $183,000 after purchasing an additional 923 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Aptiv from $105.00 to $104.00 in a research note on Friday, October 31st. Daiwa Capital Markets lifted their price target on Aptiv from $79.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Evercore ISI upped their price objective on Aptiv from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 24th. Wall Street Zen cut Aptiv from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 20th. Finally, UBS Group boosted their target price on Aptiv from $75.00 to $94.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.63.

Aptiv Trading Up 0.1%

Shares of NYSE APTV opened at $76.88 on Wednesday. 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 quick ratio of 1.26 and a current ratio of 1.79. The company has a market cap of $16.61 billion, a price-to-earnings ratio of 61.02, a PEG ratio of 0.97 and a beta of 1.51. The business’s 50 day moving average price is $78.98 and its 200-day moving average price is $77.06.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 30th. The auto parts company reported $2.17 EPS for the quarter, beating the consensus estimate of $1.81 by $0.36. Aptiv had a return on equity of 18.51% and a net margin of 1.46%.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 company posted $1.83 EPS. Aptiv’s quarterly revenue was up 7.4% on a year-over-year basis. Aptiv has set its FY 2025 guidance at 7.550-7.850 EPS and its Q4 2025 guidance at 1.600-1.900 EPS. On average, sell-side analysts expect that Aptiv PLC will post 7.2 earnings per share 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.