Atlantic Investment Management Inc. Cuts Holdings in Aptiv PLC $APTV

Atlantic Investment Management Inc. cut its holdings in Aptiv PLC (NYSE:APTV) by 47.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 350,971 shares of the auto parts company’s stock after selling 323,000 shares during the period. Aptiv makes up approximately 12.2% of Atlantic Investment Management Inc.’s portfolio, making the stock its 3rd biggest position. Atlantic Investment Management Inc.’s holdings in Aptiv were worth $23,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in APTV. Norges Bank acquired a new stake in shares of Aptiv during the 2nd quarter worth approximately $187,652,000. Envestnet Asset Management Inc. lifted its position in shares of Aptiv by 10.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 336,000 shares of the auto parts company’s stock valued at $22,922,000 after acquiring an additional 32,348 shares during the period. Traub Capital Management LLC bought a new position in Aptiv during the second quarter worth $264,000. Pallas Capital Advisors LLC grew its holdings in Aptiv by 337.3% in the second quarter. Pallas Capital Advisors LLC now owns 14,883 shares of the auto parts company’s stock worth $1,015,000 after purchasing an additional 11,480 shares during the period. Finally, Prudential Financial Inc. increased its stake in Aptiv by 335.4% in the second quarter. Prudential Financial Inc. now owns 143,053 shares of the auto parts company’s stock valued at $9,759,000 after purchasing an additional 110,197 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Insider Activity at Aptiv

In other Aptiv news, CAO Allan J. Brazier sold 1,000 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. Following the transaction, the chief accounting officer owned 49,820 shares of the company’s stock, valued at approximately $4,234,700. The trade was a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

APTV has been the topic of a number of research analyst reports. BNP Paribas Exane increased their price objective on shares of Aptiv from $100.00 to $107.00 in a research report on Friday, November 21st. UBS Group increased their price target on Aptiv from $75.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Robert W. Baird raised their price objective on Aptiv from $97.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Morgan Stanley set a $84.00 target price on Aptiv and gave the stock an “equal weight” rating in a research report on Monday. Finally, Wells Fargo & Company cut their target price on Aptiv from $100.00 to $99.00 and set an “overweight” rating on the stock in a report on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.63.

Aptiv Stock Down 1.5%

APTV opened at $78.69 on Friday. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $88.80. The firm has a market capitalization of $17.00 billion, a P/E ratio of 62.45, a PEG ratio of 0.82 and a beta of 1.51. The company’s 50-day moving average is $80.57 and its 200 day moving average is $76.13. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.79 and a quick ratio of 1.26.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 30th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.05 billion. During the same period in the prior year, the firm posted $1.83 EPS. The firm’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. Research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

About Aptiv

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.