Nova R Wealth Inc. Makes New $1.08 Million Investment in Aptiv PLC $APTV

Nova R Wealth Inc. acquired a new stake in Aptiv PLC (NYSE:APTV) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,466 shares of the auto parts company’s stock, valued at approximately $1,075,000.

A number of other institutional investors have also made changes to their positions in APTV. Boston Partners bought a new stake in Aptiv in the 2nd quarter valued at $220,911,000. Norges Bank bought a new position in shares of Aptiv in the second quarter valued at about $187,652,000. Balyasny Asset Management L.P. raised its position in shares of Aptiv by 6,711.4% in the second quarter. Balyasny Asset Management L.P. now owns 1,434,076 shares of the auto parts company’s stock valued at $97,833,000 after purchasing an additional 1,413,022 shares during the period. Ariel Investments LLC lifted its stake in shares of Aptiv by 80.2% during the 2nd quarter. Ariel Investments LLC now owns 1,386,513 shares of the auto parts company’s stock worth $94,588,000 after buying an additional 617,115 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Aptiv by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,934,199 shares of the auto parts company’s stock worth $353,085,000 after buying an additional 570,930 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on APTV. Cowen restated a “buy” rating on shares of Aptiv in a research report on Friday, October 31st. Barclays upgraded Aptiv from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $85.00 to $105.00 in a research note on Friday, September 12th. UBS Group boosted their price target on Aptiv from $75.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Evercore ISI increased their price objective on Aptiv from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th. Finally, Citigroup began coverage on shares of Aptiv in a research report on Friday, October 10th. They issued a “buy” rating and a $109.00 target price for the company. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $97.47.

Aptiv Stock Performance

NYSE:APTV opened at $86.51 on Friday. The company has a market cap of $18.69 billion, a price-to-earnings ratio of 68.66, a PEG ratio of 0.96 and a beta of 1.50. 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 stock has a fifty day moving average price of $78.30 and a 200-day moving average price of $77.54.

Aptiv (NYSE:APTV) last released its earnings results 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. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.05 billion. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $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. As a group, equities analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

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.