Aptiv PLC $APTV Shares Sold by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. reduced its stake in Aptiv PLC by 43.3%, selling 8,728 shares, resulting in a remaining holding of 11,406 shares valued at approximately $778,000.
• Aptiv received positive analyst ratings, with UBS raising their price target to $94.00 and several firms upgrading the stock to a "Strong Buy," leading to a consensus rating of "Moderate Buy" with an average price target of $89.19.
• The firm reported a Q2 EPS of $2.12, exceeding estimates, and set FY 2025 guidance at a range of 7.300 to 7.600 EPS.

QRG Capital Management Inc. lowered its stake in Aptiv PLC (NYSE:APTV - Free Report) by 43.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,406 shares of the auto parts company's stock after selling 8,728 shares during the quarter. QRG Capital Management Inc.'s holdings in Aptiv were worth $778,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of APTV. UMB Bank n.a. acquired a new position in Aptiv in the first quarter valued at about $48,000. Park Avenue Securities LLC acquired a new stake in shares of Aptiv during the first quarter worth about $397,000. Farther Finance Advisors LLC lifted its position in shares of Aptiv by 139.7% during the first quarter. Farther Finance Advisors LLC now owns 2,558 shares of the auto parts company's stock worth $151,000 after purchasing an additional 1,491 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Aptiv during the first quarter worth about $202,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Aptiv during the first quarter worth about $298,000. Institutional investors and hedge funds own 94.21% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on APTV. UBS Group increased their price target on shares of Aptiv from $75.00 to $94.00 and gave the stock a "neutral" rating in a research report on Monday. Wall Street Zen raised shares of Aptiv from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, September 23rd. Wells Fargo & Company increased their price target on shares of Aptiv from $103.00 to $106.00 and gave the stock an "overweight" rating in a research report on Thursday, September 25th. Morgan Stanley increased their price target on shares of Aptiv from $55.00 to $60.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 12th. Finally, Robert W. Baird increased their price target on shares of Aptiv from $97.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Aptiv has a consensus rating of "Moderate Buy" and an average price target of $89.19.

Insider Buying and Selling

In other Aptiv news, CAO Allan J. Brazier sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the transaction, the chief accounting officer directly owned 49,820 shares in the company, valued at $4,234,700. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.45% of the stock is owned by corporate insiders.

Aptiv Stock Down 2.1%

APTV stock opened at $82.71 on Friday. The company's 50 day moving average price is $79.32 and its 200 day moving average price is $69.13. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $88.80. The firm has a market capitalization of $18.01 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 0.94 and a beta of 1.55.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $5.21 billion for 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 firm's revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $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. On average, equities research analysts anticipate that Aptiv PLC will post 7.2 EPS 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.

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