Aptiv PLC $APTV Shares Bought by Perpetual Ltd

Key Points

• Perpetual Ltd increased its holdings in Aptiv PLC by 61.9% in Q2, acquiring a total of 731,944 shares worth approximately $49.93 million.
• Aptiv's stock has seen significant institutional interest, with firms like Goldman Sachs and Pacer Advisors boosting their holdings during Q1.
• The company's recent quarterly earnings report showed a 5.12% net margin and earnings per share of $2.12, exceeding analysts' expectations and indicating a revenue increase of 3.1% year-over-year.

Perpetual Ltd lifted its stake in Aptiv PLC (NYSE:APTV - Free Report) by 61.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 731,944 shares of the auto parts company's stock after purchasing an additional 279,906 shares during the quarter. Perpetual Ltd owned 0.34% of Aptiv worth $49,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Gamco Investors INC. ET AL grew its stake in shares of Aptiv by 1.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 9,760 shares of the auto parts company's stock valued at $581,000 after purchasing an additional 160 shares during the period. AlTi Global Inc. boosted its stake in Aptiv by 1.6% in the 1st quarter. AlTi Global Inc. now owns 10,677 shares of the auto parts company's stock worth $635,000 after purchasing an additional 173 shares during the period. Stephens Inc. AR raised its holdings in shares of Aptiv by 5.4% during the 1st quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company's stock worth $234,000 after acquiring an additional 201 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Aptiv by 2.9% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,443 shares of the auto parts company's stock worth $502,000 after acquiring an additional 235 shares in the last quarter. Finally, OLD Second National Bank of Aurora raised its holdings in Aptiv by 1.0% during the 1st quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company's stock valued at $1,461,000 after buying an additional 239 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Robert W. Baird upped their price objective on Aptiv from $84.00 to $97.00 and gave the company an "outperform" rating in a research report on Wednesday, September 3rd. Barclays raised Aptiv from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $85.00 to $105.00 in a research report on Friday, September 12th. Wells Fargo & Company increased their price target on Aptiv from $89.00 to $103.00 and gave the company an "overweight" rating in a research note on Tuesday, September 9th. Morgan Stanley raised their price objective on Aptiv from $55.00 to $60.00 and gave the stock an "underweight" rating in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. raised 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. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and a consensus price target of $85.53.

Aptiv Trading Up 0.4%

NYSE:APTV traded up $0.33 on Monday, reaching $85.61. The company's stock had a trading volume of 1,991,788 shares, compared to its average volume of 2,943,424. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $86.43. 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 firm has a market cap of $18.64 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 0.95 and a beta of 1.48. The stock has a 50 day moving average price of $74.76 and a 200 day moving average price of $67.01.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS 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 the consensus estimate of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The company's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 earnings per share. 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 analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Insider Activity

In other news, CAO Allan J. Brazier sold 1,000 shares of the company's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $85.00, for a total transaction of $85,000.00. Following the completion of the transaction, the chief accounting officer directly owned 49,820 shares of the company's stock, valued at approximately $4,234,700. This represents a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.45% of the company's stock.

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.