Norges Bank Invests $187.65 Million in Aptiv PLC $APTV

Norges Bank bought a new stake in shares of Aptiv PLC (NYSE:APTV) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 2,750,689 shares of the auto parts company’s stock, valued at approximately $187,652,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in Aptiv by 242.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company’s stock valued at $509,366,000 after buying an additional 6,062,438 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake 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 acquiring an additional 570,930 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Aptiv by 6.6% during the 2nd quarter. Franklin Resources Inc. now owns 3,579,344 shares of the auto parts company’s stock valued at $244,183,000 after acquiring an additional 221,449 shares during the period. Alliancebernstein L.P. grew its position in shares of Aptiv by 53.6% during the 1st quarter. Alliancebernstein L.P. now owns 3,515,617 shares of the auto parts company’s stock valued at $209,179,000 after acquiring an additional 1,227,020 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of Aptiv by 8.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,404,273 shares of the auto parts company’s stock valued at $202,554,000 after purchasing an additional 266,176 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Down 0.8%

NYSE APTV opened at $76.89 on Tuesday. The business has a fifty day moving average price of $82.12 and a 200 day moving average price of $75.59. 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 company has a market cap of $16.62 billion, a P/E ratio of 61.03, a P/E/G ratio of 0.79 and a beta of 1.51. Aptiv PLC has a one year low of $47.19 and a one year high of $88.80.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 30th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.36. The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.05 billion. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.83 EPS. Aptiv has set its FY 2025 guidance at 7.550-7.850 EPS. Q4 2025 guidance at 1.600-1.900 EPS. Research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on APTV shares. Cowen reiterated a “buy” rating on shares of Aptiv in a research report on Friday, October 31st. Barclays raised 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 research note on Friday, September 12th. Daiwa Capital Markets increased 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. Royal Bank Of Canada reissued an “outperform” rating and issued a $101.00 price target on shares of Aptiv in a report on Wednesday, November 19th. Finally, Evercore ISI upped their price objective on shares of Aptiv from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.42.

Insider Transactions at Aptiv

In other Aptiv news, CAO Allan J. Brazier sold 1,000 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the completion of the sale, the chief accounting officer owned 49,820 shares in the company, valued at approximately $4,234,700. This represents a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.

Aptiv Company Profile

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.