USA Financial Formulas Makes New Investment in Aptiv PLC $APTV

by · The Markets Daily

USA Financial Formulas purchased a new position in Aptiv PLC (NYSE:APTV – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,407 shares of the auto parts company’s stock, valued at approximately $897,000.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Aptiv in the second quarter worth $187,652,000. Hudson Bay Capital Management LP lifted its holdings in Aptiv by 73.8% in the second quarter. Hudson Bay Capital Management LP now owns 61,009 shares of the auto parts company’s stock valued at $4,162,000 after acquiring an additional 25,909 shares during the period. Envestnet Asset Management Inc. boosted its position in Aptiv by 10.7% in the second quarter. Envestnet Asset Management Inc. now owns 336,000 shares of the auto parts company’s stock worth $22,922,000 after purchasing an additional 32,348 shares during the last quarter. Traub Capital Management LLC bought a new stake in shares of Aptiv during the 2nd quarter valued at about $264,000. Finally, Pallas Capital Advisors LLC increased its position in shares of Aptiv by 337.3% during the 2nd quarter. Pallas Capital Advisors LLC now owns 14,883 shares of the auto parts company’s stock valued at $1,015,000 after purchasing an additional 11,480 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Up 0.8%

Shares of APTV stock opened at $78.21 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.79 and a quick ratio of 1.26. Aptiv PLC has a one year low of $47.19 and a one year high of $88.80. The company’s fifty day moving average price is $79.90 and its 200-day moving average price is $76.55. The company has a market capitalization of $16.90 billion, a price-to-earnings ratio of 62.07, a PEG ratio of 0.99 and a beta of 1.51.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Piper Sandler raised their price objective on shares of Aptiv from $72.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Robert W. Baird increased their price target on shares of Aptiv from $97.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Morgan Stanley set a $84.00 price objective on shares of Aptiv and gave the company an “equal weight” rating in a research report on Monday, December 8th. Bank of America upped their price objective on Aptiv from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Finally, Daiwa Capital Markets lifted their target price on Aptiv from $79.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.63.

Read Our Latest Report on APTV

Aptiv Company Profile

(Free Report)

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.

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