Norges Bank Takes $634.96 Million Position in Aptiv PLC $APTV

Norges Bank acquired a new stake in Aptiv PLC (NYSE:APTV) during the fourth quarter, Holdings Channel.com reports. The firm acquired 8,344,872 shares of the auto parts company’s stock, valued at approximately $634,961,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APTV. Ameriprise Financial Inc. acquired a new position in shares of Aptiv in the 3rd quarter valued at about $297,917,000. Impax Asset Management Group plc lifted its stake in shares of Aptiv by 54.5% in the 3rd quarter. Impax Asset Management Group plc now owns 4,523,145 shares of the auto parts company’s stock valued at $389,986,000 after purchasing an additional 1,595,276 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Aptiv by 6,711.4% in the 2nd 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. Man Group plc lifted its stake in shares of Aptiv by 155.8% in the 3rd quarter. Man Group plc now owns 2,045,025 shares of the auto parts company’s stock valued at $176,322,000 after purchasing an additional 1,245,533 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of Aptiv by 34.2% in the 4th quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock valued at $349,067,000 after purchasing an additional 1,167,946 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

APTV has been the topic of a number of recent analyst reports. TD Cowen dropped their price objective on Aptiv from $93.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. JPMorgan Chase & Co. boosted their target price on Aptiv from $83.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Wells Fargo & Company boosted their target price on Aptiv from $81.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Argus decreased their target price on Aptiv from $99.00 to $69.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Finally, Piper Sandler boosted their target price on Aptiv from $103.00 to $106.00 in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus price target of $82.85.

Aptiv Stock Performance

Shares of Aptiv stock opened at $68.13 on Monday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. Aptiv PLC has a one year low of $51.68 and a one year high of $88.93. The firm has a market capitalization of $14.42 billion, a price-to-earnings ratio of 40.31, a PEG ratio of 1.13 and a beta of 1.45. The business has a 50-day simple moving average of $60.57 and a 200 day simple moving average of $71.82.

Aptiv (NYSE:APTV) last posted its earnings results on Tuesday, May 5th. The auto parts company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the prior year, the business posted $1.69 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. Aptiv has set its FY 2026 guidance at 5.700-6.100 EPS and its Q2 2026 guidance at 1.300-1.500 EPS. On average, research analysts anticipate that Aptiv PLC will post 6.41 earnings per share for the current fiscal year.

About Aptiv

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.