Aptiv PLC $APTV Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Lowers Position

Key Points

• Virginia Retirement Systems significantly reduced its Aptiv stake by 69.5% in the third quarter, selling 309,700 shares and retaining 136,112 shares worth approximately $5.86 million. Institutional investors collectively own 94.21% of Aptiv.
• Analyst sentiment remains mixed but leans positive: several firms lowered price targets or ratings, while MarketBeat reports a consensus “Moderate Buy” rating and an average target price of $72.60.
• Aptiv shares opened at $43.89, near their one-year low of $41.88 and well below the one-year high of $88.93. The company’s latest quarterly earnings beat estimates, although revenue came in slightly below forecasts.

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 69.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 136,112 shares of the auto parts company's stock after selling 309,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.07% of Aptiv worth $5,856,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Parcion Private Wealth LLC acquired a new position in Aptiv during the third quarter worth $259,000. Pinnacle Wealth Planning Services Inc. increased its stake in shares of Aptiv by 69.4% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,235 shares of the auto parts company's stock worth $53,000 after purchasing an additional 506 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new position in shares of Aptiv during the 3rd quarter worth about $472,000. Tectonic Advisors LLC lifted its stake in Aptiv by 29.7% in the 3rd quarter. Tectonic Advisors LLC now owns 33,940 shares of the auto parts company's stock valued at $1,460,000 after buying an additional 7,782 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake in Aptiv by 9.0% in the 3rd quarter. Yousif Capital Management LLC now owns 26,913 shares of the auto parts company's stock valued at $1,158,000 after buying an additional 2,212 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Morgan Stanley cut Aptiv from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $71.00 to $55.00 in a report on Wednesday, August 5th. The Goldman Sachs Group lowered their price target on Aptiv from $71.00 to $61.00 and set a "buy" rating on the stock in a research note on Tuesday, October 6th. UBS Group dropped their price target on Aptiv from $62.00 to $57.00 and set a "buy" rating for the company in a research report on Wednesday, October 7th. Weiss Ratings downgraded Aptiv from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. lowered Aptiv from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $65.00 to $56.00 in a report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $72.60.

Aptiv Trading Down 0.1%

APTV opened at $43.89 on Monday. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of 41.41, a price-to-earnings-growth ratio of 0.85 and a beta of 1.43. The company's 50 day simple moving average is $44.63 and its two-hundred day simple moving average is $59.98. Aptiv PLC has a 1-year low of $41.88 and a 1-year high of $88.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.33.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.21. Aptiv had a return on equity of 17.10% and a net margin of 1.17%. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the business earned $2.12 earnings per share. The business's revenue was up 2.3% compared to the same quarter last year. Aptiv has set its FY 2026 guidance at 5.600-5.800 EPS and its Q3 2026 guidance at 1.250-1.350 EPS. Analysts expect that Aptiv PLC will post 5.68 EPS for the current fiscal year.

About Aptiv

Aptiv PLC NYSE: APTV is a global automotive technology company that develops systems and software intended to make vehicles safer, more connected and increasingly automated. Its solutions are used by automakers in passenger vehicles and commercial vehicles worldwide.

The company's product portfolio includes advanced driver-assistance and active-safety systems, vehicle computing platforms, infotainment and connectivity technologies, automated-driving solutions, and electrical and electronic distribution systems.

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