Aptiv PLC $APTV Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. has reduced its stake in Aptiv PLC by 58.3%, now holding 413,341 shares after selling 578,032 shares in the first quarter.
• Aptiv's quarterly earnings exceeded expectations with $2.12 per share compared to an expected $1.83, alongside revenues of $5.21 billion for the quarter.
• Barclays has increased its price target for Aptiv shares from $65.00 to $85.00 while maintaining an "equal weight" rating, amidst a generally bullish outlook from analysts.

American Century Companies Inc. cut its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 58.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 413,341 shares of the auto parts company's stock after selling 578,032 shares during the quarter. American Century Companies Inc. owned approximately 0.19% of Aptiv worth $24,594,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on APTV. Wolfe Research cut shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Barclays boosted their price target on shares of Aptiv from $65.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Morgan Stanley boosted their price target on shares of Aptiv from $55.00 to $60.00 and gave the stock an "underweight" rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. boosted their price target on shares of Aptiv from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Bank of America boosted their price target on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.81.

Aptiv Trading Down 0.6%

APTV stock traded down $0.49 during mid-day trading on Thursday, reaching $79.47. The company had a trading volume of 380,973 shares, compared to its average volume of 2,983,332. 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 company has a market capitalization of $17.30 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 0.90 and a beta of 1.48. The firm has a 50 day moving average of $70.63 and a 200 day moving average of $65.11. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $81.13.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data 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 net margin of 5.12% and a return on equity of 18.46%. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same period last year, the firm earned $1.58 earnings per share. The company's quarterly revenue 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. On average, equities analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

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.