Aptiv PLC $APTV Shares Purchased 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 raised its stake in Aptiv PLC (NYSE:APTV - Free Report) by 61.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 731,944 shares of the auto parts company's stock after buying an additional 279,906 shares during the quarter. Perpetual Ltd owned about 0.34% of Aptiv worth $49,933,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in Aptiv by 242.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company's stock worth $509,366,000 after purchasing an additional 6,062,438 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Aptiv by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,934,199 shares of the auto parts company's stock worth $353,085,000 after purchasing an additional 570,930 shares during the period. Alliancebernstein L.P. increased its stake in Aptiv by 53.6% during the first quarter. Alliancebernstein L.P. now owns 3,515,617 shares of the auto parts company's stock worth $209,179,000 after purchasing an additional 1,227,020 shares during the period. Canada Pension Plan Investment Board increased its stake in Aptiv by 8.5% during the first quarter. Canada Pension Plan Investment Board now owns 3,404,273 shares of the auto parts company's stock worth $202,554,000 after purchasing an additional 266,176 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Aptiv by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,577,294 shares of the auto parts company's stock worth $153,373,000 after buying an additional 36,270 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Stock Performance

Shares of APTV stock traded up $0.74 during trading hours on Tuesday, hitting $86.13. The stock had a trading volume of 668,006 shares, compared to its average volume of 2,930,545. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.24. The stock's 50 day moving average is $75.06 and its 200 day moving average is $67.14. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $86.50. The firm has a market capitalization of $18.75 billion, a PE ratio of 19.69, a PEG ratio of 0.95 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share 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 the consensus estimate of $5.02 billion. During the same period last year, the company earned $1.58 earnings per share. The company's revenue for the quarter was up 3.1% on a year-over-year basis. 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, research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Aptiv

In related news, CAO Allan J. Brazier sold 1,000 shares of the stock in a transaction on 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 sale, the chief accounting officer directly owned 49,820 shares of the company's stock, valued at $4,234,700. This trade represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Aptiv from $89.00 to $103.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 9th. Oppenheimer increased their price target on shares of Aptiv from $88.00 to $92.00 and gave the company an "outperform" rating in a research note on Thursday, September 11th. Robert W. Baird increased their price objective on Aptiv from $84.00 to $97.00 and gave the company an "outperform" rating in a report on Wednesday, September 3rd. Royal Bank Of Canada increased their price objective on Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, Wolfe Research downgraded Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.53.

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.