APG Asset Management N.V. Has $13.06 Million Position in Aptiv PLC $APTV

Key Points

• APG Asset Management N.V. reduced its stake in Aptiv PLC by 15.3%, now holding 237,161 shares valued at approximately $13 million.
• Institutional investors hold 94.21% of Aptiv's stock, with Goldman Sachs increasing its position by 242.7%, acquiring over 6 million shares.
• Aptiv reported earnings of $2.12 per share for the last quarter, surpassing estimates and indicating a growth in revenue of 3.1% compared to the previous year.

APG Asset Management N.V. trimmed its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 15.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 237,161 shares of the auto parts company's stock after selling 42,953 shares during the quarter. APG Asset Management N.V. owned 0.11% of Aptiv worth $13,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new stake in Aptiv in the 1st quarter valued at about $26,000. Mather Group LLC. increased its holdings in shares of Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after purchasing an additional 385 shares during the period. Eastern Bank acquired a new position in Aptiv in the first quarter worth approximately $39,000. Versant Capital Management Inc increased its holdings in Aptiv by 201.7% in the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after buying an additional 470 shares during the last quarter. Finally, UMB Bank n.a. acquired a new position in Aptiv in the first quarter worth approximately $48,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on APTV. UBS Group upped their target price on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Wolfe Research cut Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. Guggenheim cut Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. increased their price objective on Aptiv from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Oppenheimer reiterated an "outperform" rating and set a $88.00 price objective (up from $84.00) on shares of Aptiv in a research note on Monday, August 4th. Three equities research 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Aptiv currently has an average rating of "Moderate Buy" and an average target price of $81.81.

Aptiv Stock Down 0.8%

Aptiv stock traded down $0.62 during midday trading on Friday, reaching $79.68. The stock had a trading volume of 1,834,007 shares, compared to its average volume of 2,739,295. The firm's fifty day simple moving average is $71.13 and its 200-day simple moving average is $65.33. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $81.13. The stock has a market capitalization of $17.35 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 0.90 and a beta of 1.48. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter last year, the firm earned $1.58 EPS. Aptiv'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. As a group, analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Aptiv Profile

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.