Aptiv PLCNYSE: APTV
Consumer Discretionary · Automotive Parts & Equipment
$60.50
+0.40%
Vol: 1.9M
Research Digest
Friday, May 1, 2026
Versigent spinoff completed; Q1 earnings on May 5; mixed analyst outlook despite 47% upside PT
Aptiv completed the spinoff of Versigent PLC (VGNT), separating its Electrical Distribution Systems business. Stock surged 4% to $69.44 on broad market rally tied to Middle East de-escalation hopes. Q1 2025 earnings showed better-than-expected results with record Q4 2025 revenue and strong bookings. Q1 2026 earnings expected May 5 with $5.02B revenue forecast and $1.64 EPS (YoY decline). Analyst consensus is Buy with $88.80 PT (47.75% upside), though recent performance shows volatility and mixed investor sentiment. 50% drop over 5 years raises valuation concerns.
Previous Market Intelligence
13 daysApr 30Aptiv reports Q1 revenue beat and Versigent spin-off completion; multiple analyst price targets cut to $80-90 rangeMixed▶
Aptiv completed its tax-free spin-off of Versigent (electrical distribution business) on April 1, 2026. The company reported Q1 2026 revenue of $4.8B, up 5% YoY driven by strong EV demand. Shareholders received one Versigent share for every three Aptiv shares held. Multiple analysts cut price targets in April, with Deutsche Bank at $84 from $105, JPMorgan at $83 from $105, and UBS at $80 from $97. Q1 earnings release planned for May 5.
Apr 16Aptiv completed Versigent spin-off on April 1, 2026; $1.371B debt tender offer expired April 3Positive▶
Aptiv PLC completed separation of Versigent Limited on April 1, 2026, distributing one Versigent share for every three Aptiv shares held as of March 17. Versigent now trades on NYSE as VGNT. Aptiv cash tender offer for up to $1.371B of debt expired April 3, 2026 with settlement April 7. Q1 2026 earnings expected May 5, 2026. Goldman Sachs initiated coverage with Buy rating and $74 price target; Morgan Stanley raised target from $84 to $87.
Apr 15Aptiv completed Versigent spin-off on April 1; raised $2.1B via new debt and announced major analyst price target cuts.Negative▶
Aptiv PLC completed its separation of Versigent Limited on April 1, 2026, distributing one Versigent share for every three Aptiv shares held March 17. Versigent incurred $2.1B of new debt and distributed $2.125B to Aptiv in cash. Oppenheimer cut APTV price target to $84 from $106; Wells Fargo to $81 from $93; UBS to $80 from $97. Stock declined 1% yesterday and lost 13.64% in past month, currently at $60.12.
Apr 14Goldman Sachs initiates Aptiv with Buy rating at $74 price target following Versigent spin-off completion and $1.4B debt reduction.Positive▶
Aptiv completed its Versigent spin-off on April 1, 2026. On April 3, the company completed a $1.371B cash tender offer for senior notes, expected to repay ~$2.1B of debt and lower annual interest expense by $99M. Goldman Sachs reestablished coverage on April 13 with Buy rating and $74 target. Wells Fargo lowered target to $81 from $93 maintaining Overweight.
Apr 13Aptiv completes Versigent spin-off and debt tender offer, reshaping capital structure with $2.1 billion cash distribution.Positive▶
Aptiv completed the separation of its Electrical Distribution Systems business into Versigent PLC on April 1, 2026. Aptiv completed a debt tender offer on April 3 for $1.371 billion of senior notes. Versigent incurred $2.1 billion in debt and paid Aptiv a $2.125 million cash distribution, reducing interest expense by $99 million pro forma.
Apr 10Aptiv completed Versigent spin-off on April 1, announcing $2.1B debt reduction; analysts see 47% upside.Positive▶
Aptiv PLC completed separation of Versigent Limited on April 1, 2026, with shares trading on NYSE under VGNT. Versigent incurred $2.1 billion new debt and distributed $2.125 billion cash to Aptiv. Q1 2026 earnings scheduled for May 5. 17 analysts maintain Buy consensus with $89.20 target (46.88% upside). Wells Fargo lowered target to $81, UBS to $80.
Apr 9Aptiv completes Versigent spin-off, repays $2.1B debt as part of separationMixed▶
Aptiv completed separation of Electrical Distribution Systems business into Versigent PLC on April 1, 2026, which now trades independently on NYSE under VGNT. Spin-off distributed one Versigent share per three Aptiv shares held March 17. Versigent raised $2,100 million debt and distributed $2,125 million to Aptiv, which used proceeds to repay approximately $2,113 million in debt. Aptiv's cash tender offer expired April 3 with aggregate consideration of $1,371 million. Q1 2026 earnings due May 5. Company showcased intelligent edge solutions at CES 2026 for transportation, robotics, aerospace. Analysts rate APTV Outperform with average $93.30 price target from 20 analysts despite recent downgrades.
Apr 8Aptiv Completes Versigent Spin-off; Uses $2.125B Distribution for Debt ReductionNeutral▶
Aptiv PLC completed spin-off of Electrical Distribution Systems business into Versigent PLC on April 1, 2026. Versigent incurred $2.1B new debt and distributed $2.125B cash to Aptiv. Aptiv used $2.113B to repay debt via tender offer for $1.371B of senior notes. Q1 2026 earnings release scheduled for May 5. Stock down 17.2% over past month.
Apr 7No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 6Aptiv won Automotive News PACE Pilot Award for AI/ML autonomous driving; stock +4.46%.Positive▶
Aptiv named 2025 Automotive News PACE Pilot for AI/ML ADAS technologies. Stock rose 4.46% on positive sentiment. Multiple analyst PT cuts (Wells Fargo $93, RBC $81, Barclays $77) but Morgan Stanley raised to $87. Avg Buy rating PT $96.
Apr 3Aptiv completed tax-free spin-off of Versigent (VGNT) on April 1, separating electrical architecture business; stock rose 4.46%.Positive▶
Aptiv completed the separation of Versigent Limited on April 1, 2026 through a pro rata distribution. Each Aptiv shareholder received one Versigent share for every three Aptiv shares held. Versigent shares began trading on NYSE under ticker VGNT on April 1. Aptiv stock rose 4.46% on positive sentiment surrounding its new Modulus Connector launch.
Apr 2Aptiv completed Versigent spin-off and launched Modulus connector for LEO satellites; HSBC cuts PT to $81.32.Mixed▶
Aptiv completed Versigent spin-off to refocus on core industrial/technology businesses. Winchester Interconnect (Aptiv subsidiary) launched Modulus, modular high-speed connector system for LEO satellites and UAVs. Q1 2026 earnings scheduled May 5. Analyst activity mixed: HSBC lowered PT from $96 to $81.32 with Buy; Morgan Stanley raised PT to $87 (from $84) with Equal-Weight. 20 analysts tracking with consensus PT $99.27.
Apr 1Aptiv Versigent spin-off scheduled for April 1, 2026; UBS upgraded to Buy with $97 PT.Positive▶
Aptiv announced Versigent spin-off of Electrical Distribution Systems segment effective April 1, 2026, with shareholders receiving one Versigent share for every three Aptiv shares. Reported record 2025 revenue of $20.4B. UBS upgraded to Buy with $97 PT. Morgan Stanley maintained Equal-Weight with $87 PT.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| APTVAPTIV | $60.50 | +0.40% | -0.2% | 9.0x | 1.51 | $15.1B |
| AMZNAMAZON.COM | $268.12 | +1.15% | +24.6% | 27.1x | 1.38 | $2.85T |
| TSLATESLA | $390.70 | +2.38% | +8.2% | 150.5x | 1.92 | $1.43T |
| HDHOME | $324.45 | -1.32% | +0.7% | 20.2x | 1.08 | $327.5B |
| MCDMCDONALD | $287.01 | -2.24% | -5.2% | 20.4x | 0.53 | $208.7B |
| TJXTJX | $157.03 | +0.18% | -3.1% | 27.6x | 0.73 | $174.1B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.