BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 5,956 Shares of Aptiv PLC $APTV

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in Aptiv PLC by 11.7%, holding 44,950 shares worth approximately $2.68 million at the end of the first quarter.
• Recent earnings results showed Aptiv reported $2.12 EPS, exceeding estimates, with quarterly revenue of $5.21 billion, a 3.1% year-over-year increase.
• Analyst ratings for Aptiv include a consensus of "Moderate Buy" with an average price target of $81.81 following upgrades from various brokerages.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 11.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,950 shares of the auto parts company's stock after selling 5,956 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Aptiv were worth $2,675,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Middleton & Co. Inc. MA increased its position in Aptiv by 63.1% during the 1st quarter. Middleton & Co. Inc. MA now owns 33,668 shares of the auto parts company's stock worth $2,003,000 after purchasing an additional 13,026 shares in the last quarter. Principal Financial Group Inc. increased its position in Aptiv by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company's stock worth $16,826,000 after purchasing an additional 9,552 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in Aptiv by 89.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company's stock worth $1,333,000 after acquiring an additional 10,585 shares during the last quarter. GAMMA Investing LLC grew its holdings in Aptiv by 348.2% during the 1st quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company's stock worth $164,000 after acquiring an additional 2,138 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Aptiv by 5.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 303,652 shares of the auto parts company's stock worth $18,067,000 after acquiring an additional 15,849 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Trading Down 0.8%

Shares of NYSE:APTV traded down $0.62 during trading on Monday, reaching $79.68. The stock had a trading volume of 1,834,007 shares, compared to its average volume of 2,691,584. The firm's fifty day moving average is $71.13 and its 200 day moving average is $65.32. 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 52 week low of $47.19 and a 52 week high of $81.13. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 0.89 and a beta of 1.48.

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. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period in the prior year, the firm posted $1.58 EPS. 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. As a group, equities analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analysts Set New Price Targets

APTV has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wall Street Zen raised shares of Aptiv from a "hold" rating to a "buy" rating in a report on Saturday. Bank of America boosted their target price on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Finally, Oppenheimer reissued an "outperform" rating and set a $88.00 target price (up from $84.00) on shares of Aptiv in a report on Monday, August 4th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $81.81.

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.