Strs Ohio Purchases 77,983 Shares of Aptiv PLC $APTV

Strs Ohio grew its position in Aptiv PLC (NYSE:APTV) by 16.2% during the third quarter, Holdings Channel reports. The institutional investor owned 559,194 shares of the auto parts company’s stock after acquiring an additional 77,983 shares during the quarter. Strs Ohio’s holdings in Aptiv were worth $48,214,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Nordea Investment Management AB lifted its position in Aptiv by 14,336.5% during the third quarter. Nordea Investment Management AB now owns 3,411,780 shares of the auto parts company’s stock valued at $291,127,000 after acquiring an additional 3,388,147 shares during the last quarter. Boston Partners acquired a new position in shares of Aptiv during the second quarter worth $220,911,000. Norges Bank acquired a new position in shares of Aptiv during the second quarter worth $187,652,000. Balyasny Asset Management L.P. lifted its holdings in shares of Aptiv by 6,711.4% during 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 last quarter. Finally, Ariel Investments LLC boosted its position in shares of Aptiv by 80.2% in 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. Institutional investors own 94.21% of the company’s stock.

Insider Buying and Selling at Aptiv

In other news, EVP Katherine H. Ramundo sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president owned 116,959 shares of the company’s stock, valued at $9,941,515. The trade was a 4.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Aptiv from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 3rd. US Capital Advisors set a $110.00 price objective on shares of Aptiv in a research report on Tuesday, January 13th. BNP Paribas Exane boosted their target price on shares of Aptiv from $100.00 to $107.00 in a research report on Friday, November 21st. Zacks Research raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Aptiv in a research note on Monday, December 29th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average target price of $99.48.

Aptiv Stock Performance

APTV opened at $76.43 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $88.93. The firm has a 50 day moving average of $78.25 and a two-hundred day moving average of $78.44. The firm has a market capitalization of $16.52 billion, a PE ratio of 60.66, a P/E/G ratio of 0.90 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 for the quarter, topping analysts’ consensus estimates of $1.81 by $0.36. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.05 billion. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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, analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

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.