Aptiv PLC $APTV Shares Sold by Aberdeen Group plc

Key Points

• Aberdeen Group plc reduced its stake in Aptiv PLC by 51.9%, currently holding approximately 0.11% of the company worth $14.36 million.
• Despite the stake reduction by some investors, other institutional investors such as Zions Bancorporation and Mather Group increased their holdings, showing continued interest in Aptiv.
• Aptiv posted earnings of $2.12 per share, exceeding estimates by $0.29, with revenues of $5.21 billion for the quarter, reflecting a year-over-year growth of 3.1%.

Aberdeen Group plc reduced its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 51.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 241,498 shares of the auto parts company's stock after selling 260,931 shares during the quarter. Aberdeen Group plc owned 0.11% of Aptiv worth $14,359,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group upped their price target on shares of Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Barclays boosted their price objective on Aptiv from $65.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. boosted 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. 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. Finally, Morgan Stanley boosted 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. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $81.81.

Aptiv Price Performance

Shares of Aptiv stock traded up $4.0050 on Friday, hitting $78.3750. 2,149,013 shares of the company were exchanged, compared to its average volume of 2,903,292. The stock has a market capitalization of $17.07 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 0.88 and a beta of 1.48. The company has a 50-day moving average price of $69.94 and a 200 day moving average price of $64.80. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $78.44. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.

Aptiv (NYSE:APTV - Get Free Report) last issued its 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. The business had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The business's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous 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. As a group, sell-side analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

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.