California Public Employees Retirement System Purchases 18,079 Shares of Aptiv PLC $APTV

California Public Employees Retirement System boosted its position in Aptiv PLC (NYSE:APTV) by 4.6% during the second quarter, HoldingsChannel reports. The fund owned 412,614 shares of the auto parts company’s stock after buying an additional 18,079 shares during the quarter. California Public Employees Retirement System’s holdings in Aptiv were worth $28,149,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APTV. Zions Bancorporation National Association UT bought a new stake in shares of Aptiv in the first quarter valued at approximately $26,000. True Wealth Design LLC grew its stake in Aptiv by 83.8% in the 2nd quarter. True Wealth Design LLC now owns 397 shares of the auto parts company’s stock valued at $27,000 after buying an additional 181 shares in the last quarter. 1248 Management LLC bought a new stake in Aptiv during the 1st quarter valued at $28,000. Geneos Wealth Management Inc. lifted its position in shares of Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 398 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Aptiv by 175.9% in the second quarter. Allworth Financial LP now owns 560 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 357 shares during the period. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on APTV shares. Oppenheimer set a $94.00 price objective on Aptiv and gave the stock an “outperform” rating in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft decreased their price target on Aptiv from $105.00 to $104.00 in a research report on Friday, October 31st. UBS Group raised their price objective on shares of Aptiv from $75.00 to $94.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Barclays raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $85.00 to $105.00 in a report on Friday, September 12th. Finally, Wells Fargo & Company lowered their target price on shares of Aptiv from $100.00 to $99.00 and set an “overweight” rating on the stock in a research note on Tuesday. Three 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.63.

Aptiv Trading Up 2.8%

Shares of Aptiv stock opened at $78.48 on Thursday. 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 1 year low of $47.19 and a 1 year high of $88.80. The firm has a market cap of $16.96 billion, a PE ratio of 62.29, a PEG ratio of 0.78 and a beta of 1.51. The company has a 50 day simple moving average of $80.90 and a two-hundred day simple moving average of $76.02.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 30th. The auto parts company reported $2.17 earnings per share 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 firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter last year, the company posted $1.83 EPS. The business’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. Analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Aptiv news, CAO Allan J. Brazier sold 1,000 shares of Aptiv stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $85.00, for a total transaction of $85,000.00. Following the completion of the sale, the chief accounting officer owned 49,820 shares of the company’s stock, valued at $4,234,700. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.45% of the stock is owned by insiders.

About Aptiv

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.