Aptiv (NYSE:APTV) Hits New 12-Month High – Here’s What Happened

Shares of Aptiv PLC (NYSE:APTV) reached a new 52-week high on Friday . The company traded as high as $88.81 and last traded at $88.7170, with a volume of 2515306 shares trading hands. The stock had previously closed at $86.45.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $101.00 price target on shares of Aptiv in a research note on Wednesday, November 19th. Argus raised their price objective on shares of Aptiv from $78.00 to $99.00 in a research note on Monday, November 10th. TD Cowen upped their target price on Aptiv from $104.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Piper Sandler raised Aptiv from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $87.00 to $103.00 in a research note on Thursday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Aptiv in a report on Monday, December 29th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average target price of $97.47.

Aptiv Trading Up 2.6%

The company has a quick ratio of 1.26, a current ratio of 1.79 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average is $78.30 and its two-hundred day moving average is $77.54. The company has a market capitalization of $19.17 billion, a PE ratio of 70.41, a price-to-earnings-growth ratio of 0.96 and a beta of 1.50.

Aptiv (NYSE:APTV) last posted its quarterly 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. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the previous year, the business posted $1.83 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. 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, sell-side analysts predict that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its holdings in Aptiv by 1,002.5% in the fourth quarter. SG Americas Securities LLC now owns 110,426 shares of the auto parts company’s stock worth $8,402,000 after purchasing an additional 100,410 shares in the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of Aptiv by 5.9% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 5,651 shares of the auto parts company’s stock worth $455,000 after buying an additional 315 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Aptiv by 34.2% during the 4th quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock worth $349,067,000 after acquiring an additional 1,167,946 shares in the last quarter. CWA Asset Management Group LLC lifted its position in Aptiv by 8.8% during the fourth quarter. CWA Asset Management Group LLC now owns 66,139 shares of the auto parts company’s stock valued at $5,033,000 after acquiring an additional 5,343 shares during the last quarter. Finally, Everhart Financial Group Inc. boosted its stake in Aptiv by 4.9% in the fourth quarter. Everhart Financial Group Inc. now owns 3,601 shares of the auto parts company’s stock valued at $274,000 after acquiring an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

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.