Oregon Public Employees Retirement Fund Raises Stock Position in Aptiv PLC $APTV

Oregon Public Employees Retirement Fund grew its holdings in Aptiv PLC (NYSE:APTV) by 32.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,947 shares of the auto parts company’s stock after purchasing an additional 6,130 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Aptiv were worth $2,151,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Boston Partners purchased a new position in Aptiv in the 2nd quarter valued at approximately $220,911,000. Norges Bank acquired a new stake in shares of Aptiv in the second quarter valued at $187,652,000. Balyasny Asset Management L.P. boosted its holdings in 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 grew its stake in 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 purchasing an additional 617,115 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Aptiv by 106.9% during the 2nd quarter. AQR Capital Management LLC now owns 967,800 shares of the auto parts company’s stock worth $66,023,000 after purchasing an additional 500,036 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Katherine H. Ramundo sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $85.00, for a total value of $425,000.00. Following the completion of the sale, the executive vice president directly owned 116,959 shares of the company’s stock, valued at approximately $9,941,515. This represents a 4.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Aptiv Trading Up 1.7%

NYSE APTV opened at $88.27 on Wednesday. The firm’s fifty day moving average price is $78.70 and its 200 day moving average price is $78.10. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $88.93. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.79 and a quick ratio of 1.26. The company has a market capitalization of $19.07 billion, a price-to-earnings ratio of 70.06, a price-to-earnings-growth ratio of 1.01 and a beta of 1.50.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on APTV shares. Wall Street Zen raised Aptiv from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Citigroup initiated coverage on shares of Aptiv in a research note on Friday, October 10th. They issued a “buy” rating and a $109.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Aptiv from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Morgan Stanley set a $84.00 price objective on shares of Aptiv and gave the company an “equal weight” rating in a report on Monday, December 8th. Finally, Fox Advisors raised Aptiv from an “equal weight” rating to an “overweight” rating and set a $110.00 target price on the stock in a report on Tuesday. Four analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.67.

Aptiv 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.