DoubleLine ETF Adviser LP Purchases New Position in Aptiv PLC $APTV

Key Points

• DoubleLine ETF Adviser LP acquired 5,386 shares of Aptiv PLC valued at approximately $320,000, indicating growing institutional interest in the auto parts company.
• Aptiv's stock experienced a 1.2% increase on Friday, and the company reported strong quarterly earnings of $2.12 per share, surpassing expectations by $0.29.
• Analysts have generally rated Aptiv as a Moderate Buy, with a consensus price target of $82.33 and several firms raising their price objectives for the stock.

DoubleLine ETF Adviser LP acquired a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,386 shares of the auto parts company's stock, valued at approximately $320,000.

A number of other institutional investors also recently added to or reduced their stakes in APTV. BNP Paribas Financial Markets boosted its position in Aptiv by 102.1% during the fourth quarter. BNP Paribas Financial Markets now owns 533,917 shares of the auto parts company's stock valued at $32,291,000 after purchasing an additional 269,770 shares in the last quarter. Benjamin Edwards Inc. boosted its position in Aptiv by 14.5% during the fourth quarter. Benjamin Edwards Inc. now owns 17,647 shares of the auto parts company's stock valued at $1,067,000 after purchasing an additional 2,230 shares in the last quarter. Deutsche Bank AG boosted its position in Aptiv by 41.0% during the fourth quarter. Deutsche Bank AG now owns 1,399,744 shares of the auto parts company's stock valued at $84,657,000 after purchasing an additional 407,180 shares in the last quarter. Ensign Peak Advisors Inc boosted its position in Aptiv by 18.0% during the fourth quarter. Ensign Peak Advisors Inc now owns 109,723 shares of the auto parts company's stock valued at $6,636,000 after purchasing an additional 16,700 shares in the last quarter. Finally, EdgePoint Investment Group Inc. raised its stake in Aptiv by 43.9% in the fourth quarter. EdgePoint Investment Group Inc. now owns 3,833 shares of the auto parts company's stock valued at $232,000 after buying an additional 1,169 shares during the last quarter. Institutional investors own 94.21% of the company's stock.

Aptiv Stock Performance

Shares of NYSE:APTV traded down $0.76 during trading on Wednesday, hitting $81.38. The stock had a trading volume of 681,012 shares, compared to its average volume of 2,953,678. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $82.74. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 0.92 and a beta of 1.48. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. The stock has a 50-day simple moving average of $72.82 and a two-hundred day simple moving average of $65.99.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The firm had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.02 billion. During the same period last year, the business posted $1.58 earnings per share. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. On average, equities research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on APTV shares. Wall Street Zen downgraded Aptiv from a "buy" rating to a "hold" rating in a report on Sunday. Royal Bank Of Canada raised their price target on Aptiv from $85.00 to $92.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Wells Fargo & Company raised their price target on Aptiv from $89.00 to $103.00 and gave the stock an "overweight" rating in a report on Tuesday. Wolfe Research downgraded Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Finally, Robert W. Baird raised their price target on Aptiv from $84.00 to $97.00 and gave the stock an "outperform" rating in a report on Wednesday, September 3rd. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Aptiv presently has a consensus rating of "Moderate Buy" and an average target price of $83.93.

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.