Hsbc Holdings PLC Reduces Stake in Aptiv PLC $APTV

Key Points

• Hsbc Holdings PLC decreased its stake in Aptiv PLC by 38.3%, now holding 25,789 shares worth approximately $1.53 million after selling 16,014 shares in the first quarter.
• Multiple institutional investors have increased their stakes in Aptiv, with Middleton & Co. Inc. MA growing its holdings by 63.1% and GAMMA Investing LLC by an astonishing 348.2%.
• Analysts have adjusted Aptiv's price targets, with JPMorgan Chase & Co. raising its target from $85.00 to $90.00, reflecting positive sentiment and an "overweight" rating for the stock.

Hsbc Holdings PLC trimmed its position in Aptiv PLC (NYSE:APTV - Free Report) by 38.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,789 shares of the auto parts company's stock after selling 16,014 shares during the quarter. Hsbc Holdings PLC's holdings in Aptiv were worth $1,533,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APTV. Public Employees Retirement Association of Colorado acquired a new stake in Aptiv during the fourth quarter worth about $1,536,000. Northern Trust Corp grew its holdings in Aptiv by 6.1% in the fourth quarter. Northern Trust Corp now owns 2,427,968 shares of the auto parts company's stock valued at $146,844,000 after purchasing an additional 139,843 shares during the period. AQR Capital Management LLC grew its holdings in Aptiv by 241.9% in the fourth quarter. AQR Capital Management LLC now owns 333,200 shares of the auto parts company's stock valued at $20,152,000 after purchasing an additional 235,745 shares during the period. Meiji Yasuda Life Insurance Co grew its holdings in Aptiv by 1.9% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 19,565 shares of the auto parts company's stock valued at $1,183,000 after purchasing an additional 360 shares during the period. Finally, Albar Capital Partners LLP acquired a new stake in Aptiv in the fourth quarter valued at approximately $24,428,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Trading Down 0.8%

Aptiv stock traded down $0.62 during trading on Monday, reaching $79.68. 1,834,007 shares of the company were exchanged, compared to its average volume of 2,691,584. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $81.13. The company has a market capitalization of $17.35 billion, a P/E ratio of 18.23, a PEG ratio of 0.89 and a beta of 1.48. 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 simple moving average is $71.13 and its two-hundred day simple moving average is $65.32.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter last year, the business posted $1.58 earnings per share. The firm's revenue was up 3.1% compared to the same quarter last year. 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 research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on APTV shares. Bank of America raised their price objective on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a report on Monday, June 16th. Guggenheim lowered Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Barclays raised their price objective on Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. lifted their price target on Aptiv from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Wolfe Research lowered Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Three research 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 stock. According to MarketBeat.com, the stock currently 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.