Aptiv (NYSE:APTV) Hits New 52-Week High on Analyst Upgrade

Aptiv PLC (NYSE:APTV) hit a new 52-week high during mid-day trading on Monday after UBS Group raised their price target on the stock from $75.00 to $94.00. UBS Group currently has a neutral rating on the stock. Aptiv traded as high as $88.48 and last traded at $88.23, with a volume of 70958 shares trading hands. The stock had previously closed at $87.98.

APTV has been the subject of several other reports. Royal Bank Of Canada boosted their price objective on shares of Aptiv from $85.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Wells Fargo & Company boosted their price objective on shares of Aptiv from $103.00 to $106.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. JPMorgan Chase & Co. boosted their price objective on shares of Aptiv from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Wolfe Research cut shares of Aptiv from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Aptiv in a research note on Saturday, September 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.81.

Insiders Place Their Bets

In related news, CAO Allan J. Brazier sold 1,000 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were 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 directly owned 49,820 shares of the company’s stock, valued at approximately $4,234,700. This represents a 1.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On Aptiv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stephens Inc. AR boosted its position in Aptiv by 3.9% in the 2nd quarter. Stephens Inc. AR now owns 4,096 shares of the auto parts company’s stock valued at $279,000 after buying an additional 155 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Aptiv by 1.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 9,760 shares of the auto parts company’s stock valued at $581,000 after buying an additional 160 shares during the last quarter. AlTi Global Inc. boosted its position in Aptiv by 1.6% in the 1st quarter. AlTi Global Inc. now owns 10,677 shares of the auto parts company’s stock valued at $635,000 after buying an additional 173 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Aptiv by 18.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,148 shares of the auto parts company’s stock valued at $78,000 after buying an additional 179 shares during the last quarter. Finally, True Wealth Design LLC boosted its position 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 during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Trading Down 0.1%

The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. The business’s 50-day simple moving average is $77.99 and its two-hundred day simple moving average is $68.60. The company has a market capitalization of $19.13 billion, a PE ratio of 20.08, a PEG ratio of 0.98 and a beta of 1.55.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 EPS. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. On average, analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

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.