Aptiv PLC $APTV Shares Acquired by Ethic Inc.

Key Points

• Ethic Inc. increased its holdings in Aptiv PLC by 10.2% during the second quarter, acquiring a total of 31,608 shares valued at approximately $2.17 million.
• Aptiv's recent quarterly earnings surpassed analysts' expectations, reporting $2.12 earnings per share on revenue of $5.21 billion, with a year-over-year revenue increase of 3.1%.
• Several institutional investors have recently adjusted their positions in Aptiv, with institutional ownership now at 94.21% of the company's stock.

Ethic Inc. lifted its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 10.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,608 shares of the auto parts company's stock after purchasing an additional 2,935 shares during the quarter. Ethic Inc.'s holdings in Aptiv were worth $2,174,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Phoenix Financial Ltd. acquired a new stake in shares of Aptiv during the 2nd quarter worth approximately $201,000. Stephens Inc. AR grew its stake in shares of Aptiv by 3.9% during the 2nd quarter. Stephens Inc. AR now owns 4,096 shares of the auto parts company's stock worth $279,000 after purchasing an additional 155 shares during the period. Forvis Mazars Wealth Advisors LLC grew its stake in shares of Aptiv by 16.2% during the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 39,520 shares of the auto parts company's stock worth $2,696,000 after purchasing an additional 5,501 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in shares of Aptiv during the 2nd quarter worth approximately $239,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Aptiv during the 2nd quarter worth approximately $16,360,000. Institutional investors and hedge funds own 94.21% of the company's stock.

Insiders Place Their Bets

In other Aptiv news, CAO Allan J. Brazier sold 1,000 shares of the firm'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 in the company, valued at approximately $4,234,700. This trade represents a 1.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.45% of the company's stock.

Aptiv Trading Up 1.4%

Shares of APTV stock opened at $86.15 on Friday. The stock's fifty day moving average is $82.62 and its two-hundred day moving average is $71.04. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. The firm has a market capitalization of $18.76 billion, a P/E ratio of 19.71, a PEG ratio of 0.92 and a beta of 1.55. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $88.80.

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 for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 EPS. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. Research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on APTV shares. Bank of America increased their target price on Aptiv from $85.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. TD Cowen increased their target price on Aptiv from $94.00 to $104.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. Barclays upgraded Aptiv from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $85.00 to $105.00 in a research report on Friday, September 12th. Oppenheimer increased their target price on Aptiv from $88.00 to $92.00 and gave the company an "outperform" rating in a research report on Thursday, September 11th. Finally, Wolfe Research lowered Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $93.35.

Aptiv Company 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.

Want to see what other hedge funds are holding APTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aptiv PLC (NYSE:APTV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.