Ancora Advisors LLC Purchases New Position in Aptiv PLC $APTV

Key Points

• Ancora Advisors LLC acquired 147,690 Aptiv shares in the second quarter, worth approximately $9.1 million and representing about 0.07% of the company. Institutional investors collectively own 94.21% of Aptiv.
• Aptiv reported quarterly EPS of $1.63, beating estimates of $1.42, while revenue reached $3.27 billion, up 2.3% year over year but below expectations of $3.31 billion.
• Analyst sentiment remains a “Moderate Buy,” with 19 Buy, three Hold and two Sell ratings and an average price target of $76.50; however, several firms recently lowered targets or downgraded the stock.

Ancora Advisors LLC bought a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 147,690 shares of the auto parts company's stock, valued at approximately $9,065,000. Ancora Advisors LLC owned approximately 0.07% of Aptiv as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC lifted its holdings in shares of Aptiv by 240.0% in the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company's stock worth $27,000 after acquiring an additional 252 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company's stock valued at $29,000 after purchasing an additional 398 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of Aptiv in the 4th quarter worth about $33,000. DV Equities LLC bought a new position in shares of Aptiv during the fourth quarter valued at approximately $33,000. Finally, Eastern Bank increased its position in Aptiv by 702.9% during the 2nd quarter. Eastern Bank now owns 546 shares of the auto parts company's stock valued at $34,000 after buying an additional 478 shares in the last quarter. Institutional investors own 94.21% of the company's stock.

Insider Buying and Selling

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total transaction of $156,600.00. Following the sale, the executive vice president directly owned 163,752 shares of the company's stock, valued at $12,821,781.60. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.06% of the company's stock.

Aptiv Stock Performance

Shares of Aptiv stock opened at $46.58 on Wednesday. Aptiv PLC has a 12 month low of $46.08 and a 12 month high of $88.93. The company has a current ratio of 2.02, a quick ratio of 1.33 and a debt-to-equity ratio of 0.61. The firm has a market cap of $9.67 billion, a P/E ratio of 43.94, a P/E/G ratio of 0.92 and a beta of 1.46. The stock's fifty day moving average price is $55.89 and its 200-day moving average price is $63.13.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Tuesday, August 4th. The auto parts company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.21. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.31 billion. Aptiv had a net margin of 1.17% and a return on equity of 17.10%. The firm's revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.12 earnings per share. Aptiv has set its FY 2026 guidance at 5.600-5.800 EPS and its Q3 2026 guidance at 1.250-1.350 EPS. On average, equities research analysts expect that Aptiv PLC will post 5.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on APTV shares. TD Cowen lowered their price objective on Aptiv from $90.00 to $77.00 and set a "buy" rating on the stock in a research report on Wednesday, August 5th. Fox Advisors cut shares of Aptiv from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, August 5th. Citigroup reduced their target price on shares of Aptiv from $92.33 to $77.00 and set a "buy" rating for the company in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft downgraded Aptiv from a "buy" rating to a "hold" rating and set a $56.00 price objective on the stock. in a research report on Wednesday, August 5th. Finally, Robert W. Baird set a $59.00 target price on shares of Aptiv in a research note on Wednesday, August 5th. Nineteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and an average price target of $76.50.

Aptiv Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv's customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.

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