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Aptiv PLC (NYSE:APTV), a global auto parts manufacturer with a market capitalization of $12.81 billion and current stock price of $55.93, concluded its Annual General Meeting of Shareholders on April 23, 2025, with key decisions made regarding director elections, auditor appointments, and executive compensation.
The meeting resulted in the election of eight directors to one-year terms. Kevin P. Clark received 184,932,719 votes for, 11,112,866 against, and 1,178,220 abstentions. Nancy E. Cooper secured 192,512,853 votes for, with fewer against and abstentions. Other directors, including Joseph L. Hooley, Vasumati P. Jakkal, and Ana G. Pinczuk, were also elected with substantial majorities.
Shareholders approved the re-appointment of Ernst & Young LLP (EY) as the company’s auditors, with 196,080,856 votes for and 7,872,120 against. The authorization for directors to determine EY’s fees was also confirmed without broker non-votes.
Additionally, the compensation of the company’s named executive officers was approved on an advisory basis, with 177,675,761 votes for, 18,766,650 against, and 781,394 abstentions.
Aptiv PLC, formerly known as Delphi Automotive PLC, specializes in the manufacturing of vehicle components and has its principal executive offices in Schaffhausen, Switzerland. The company’s shares are traded on the New York Stock Exchange under the ticker symbol APTV.
This article is based on a press release statement.
In other recent news, Aptiv PLC has been the focus of multiple analyst reports and strategic developments. Barclays (LON:BARC) downgraded Aptiv from Overweight to Equalweight, reducing the price target to $55, citing concerns over potential changes in tariff policies affecting the company’s North American manufacturing presence. Meanwhile, Piper Sandler raised its price target for Aptiv to $67, maintaining a Neutral rating, following the company’s decision to spin out its Electrical Distribution Systems (EDS) segment. The spin-out, along with a share buyback initiative, was seen as a positive move, though the analyst expressed caution about Aptiv’s future outlook.
TD Cowen initiated coverage on Aptiv with a Buy rating and set a price target of $90, naming it a Top Supplier Pick. The firm highlighted the company’s potential for revenue growth acceleration and its strong industry bookings. RBC Capital Markets also increased its price target for Aptiv to $82, maintaining an Outperform rating, and expressed confidence in the company’s financial guidance for 2025. RBC noted that the upcoming EDS spin-off could unlock additional value in the company’s operations.
These developments reflect varied analyst perspectives on Aptiv’s prospects, with some expressing optimism about the company’s strategic initiatives and others concerned about external factors such as tariffs. The company’s planned spin-off of its EDS business is a significant focus, expected to impact its financial structure and market position positively. Investors will likely continue to monitor these developments closely as Aptiv navigates these strategic and market challenges.
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