Czech National Bank Increases Investment in Aptiv PLC

The Czech National Bank has increased its investment in Aptiv PLC (NYSE: APTV) by 4.4% during the third quarter of the year. This information is outlined in their recent 13F filing with the Securities and Exchange Commission (SEC). After acquiring an additional 2,293 shares, the Czech National Bank now holds a total of 54,138 shares in the auto parts manufacturer. The total value of their holdings in Aptiv is reported to be approximately $3,898,000 at the conclusion of the latest reporting period.

In addition to the Czech National Bank, several other hedge funds have adjusted their positions in Aptiv during the year. For instance, Broderick Brian C increased its stake in Aptiv by 0.6% in the first quarter, now owning 21,728 shares valued at $1,731,000 after an additional purchase of 132 shares. Likewise, Signaturefd LLC raised its investment in Aptiv by 6.2% during the second quarter, bringing its ownership to 2,682 shares worth $189,000 after acquiring another 156 shares.

Crewe Advisors LLC significantly boosted its holdings by 94.7% in the same quarter, resulting in ownership of 442 shares valued at $31,000 after purchasing 215 additional shares. Furthermore, Steph & Co. raised its position by 7.9% during the first quarter and now holds 3,183 shares valued at $254,000 after acquiring an additional 234 shares. Founders Financial Securities LLC also increased its stake by 7.2% amid similar trends, now holding 3,766 shares valued at $300,000 with an additional purchase of 254 shares. Notably, a significant majority, approximately 94.21%, of Aptiv's stock is owned by institutional investors and hedge funds.

Aptiv Stock Performance Overview

Aptiv's stock opened at $71.29 on the specified Friday. The company has experienced a 52-week low of $63.62, along with a high of $99.31 during that period. On a financial note, Aptiv has a quick ratio of 1.09, a current ratio of 1.49, and a debt-to-equity ratio of 0.47, all indicative of its financial health. The company’s market capitalization stands at approximately $18.95 billion, with a PE ratio of 5.38, and a price-to-earnings growth ratio of 0.65. Its beta figure is recorded at 1.79, indicating the stock’s volatility in relation to the broader market.

Recent quarterly earnings results from Aptiv, released on August 1st, report an earnings per share (EPS) of $1.58, surpassing analysts’ predictions of $1.42 by $0.16. The company generated revenues of $5.05 billion during the quarter, which fell short of analyst estimates set at $5.30 billion. Despite a minor revenue decline of 2.9% compared to the previous year, the firm demonstrated a return on equity of 13.19% and a net margin of 18.46%. Analysts predict that Aptiv PLC will achieve an earnings per share of 6.28 for the current fiscal year.

Analysts Update Price Targets

A number of analysts have recently revised their price targets for Aptiv shares. Evercore ISI has lowered its target from $125.00 to $115.00, maintaining an “outperform” rating on the stock. In contrast, Fox Advisors modified its rating from “overweight” to “equal weight” in a report on October 1st. Meanwhile, Goldman Sachs revised its target down from $118.00 to $101.00 while maintaining a “buy” recommendation. Bank of America also reduced its target from $115.00 to $105.00 while keeping a “buy” rating. Additionally, JPMorgan Chase & Co. has adjusted its target upwards from $104.00 to $107.00, continuing to rate the stock as “overweight.” In summary, two analysts have assigned a sell rating to Aptiv shares while five have given a hold rating, and twelve analysts have rated the stock as a buy. MarketBeat reports an average rating of “Moderate Buy” and an average price target of $95.31.

Understanding Aptiv

About Aptiv

Aptiv PLC is a global leader specializing in the design, manufacturing, and sale of vehicle components across various regions including North America, Europe, the Middle East, Africa, Asia Pacific, and South America. The company provides innovative electrical, electronic, and safety technology solutions tailored for the automotive and commercial vehicle markets. Its operations are divided into two principal segments: Signal and Power Solutions, and Advanced Safety and User Experience.

Czech, Investment, Aptiv