Aptiv PLC $APTV Shares Sold by Gabelli Funds LLC

Key Points

• Gabelli Funds LLC reduced its stake in Aptiv PLC by 46.8% in Q1, now holding 31,500 shares worth $1.87 million after selling 27,676 shares.
• Aptiv reported strong earnings with $2.12 EPS for the last quarter, exceeding expectations of $1.83 and achieved revenue of $5.21 billion, surpassing estimates of $5.02 billion.
• Analysts have mixed views on Aptiv, with ratings ranging from Strong Buy to Sell, and an average target price set at approximately $81.81.

Gabelli Funds LLC decreased its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 46.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,500 shares of the auto parts company's stock after selling 27,676 shares during the period. Gabelli Funds LLC's holdings in Aptiv were worth $1,874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APTV. Causeway Capital Management LLC lifted its stake in shares of Aptiv by 68.9% in the 1st quarter. Causeway Capital Management LLC now owns 860,744 shares of the auto parts company's stock worth $51,214,000 after acquiring an additional 351,095 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Aptiv by 103.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 69,189 shares of the auto parts company's stock worth $4,117,000 after purchasing an additional 35,100 shares in the last quarter. SVB Wealth LLC bought a new stake in Aptiv during the first quarter worth approximately $59,000. Smartleaf Asset Management LLC lifted its position in Aptiv by 64.5% in the first quarter. Smartleaf Asset Management LLC now owns 5,911 shares of the auto parts company's stock worth $358,000 after purchasing an additional 2,317 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Aptiv by 256.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 39,883 shares of the auto parts company's stock valued at $2,373,000 after purchasing an additional 28,697 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Trading Down 0.8%

NYSE:APTV opened at $79.68 on Friday. The stock has a fifty day simple moving average of $71.13 and a 200 day simple moving average of $65.33. The firm has a market capitalization of $17.35 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 0.90 and a beta of 1.48. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $81.13. 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 posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm 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. Sell-side analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wall Street Zen raised Aptiv from a "hold" rating to a "buy" rating in a research note on Saturday. Robert W. Baird set a $82.00 target price on Aptiv and gave the stock an "outperform" rating in a report on Friday, July 11th. Guggenheim cut shares of Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. Wolfe Research downgraded shares of Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.81.

Aptiv 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.

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