Ariel Investments LLC Trims Position in Aptiv PLC $APTV

Key Points

• Ariel Investments LLC has reduced its stake in Aptiv PLC by 12.5%, selling 109,788 shares, and now owns 769,398 shares valued at approximately $45.8 million.
• Several institutional investors have adjusted their holdings in Aptiv, with 94.21% of the stock now owned by hedge funds and other institutional investors.
• Aptiv's stock ratings show a consensus of "Moderate Buy" among analysts, with price targets ranging from $70.00 to $92.00, indicating varied perspectives on the company's future performance.

Ariel Investments LLC decreased its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 12.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 769,398 shares of the auto parts company's stock after selling 109,788 shares during the period. Ariel Investments LLC owned about 0.35% of Aptiv worth $45,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new position in shares of Aptiv during the first quarter valued at $26,000. 1248 Management LLC acquired a new position in shares of Aptiv during the first quarter valued at about $28,000. Mather Group LLC. increased its position in shares of Aptiv by 155.2% during the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after acquiring an additional 385 shares in the last quarter. Eastern Bank bought a new stake in shares of Aptiv during the first quarter worth about $39,000. Finally, Versant Capital Management Inc grew its position in Aptiv by 201.7% in the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after purchasing an additional 470 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Price Performance

Shares of APTV stock traded up $0.02 during mid-day trading on Friday, hitting $80.47. The company had a trading volume of 2,586,488 shares, compared to its average volume of 2,341,587. The company has a market capitalization of $17.52 billion, a P/E ratio of 18.41, a P/E/G ratio of 0.90 and a beta of 1.48. The stock's 50 day moving average price is $72.33 and its 200-day moving average price is $65.78. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.24. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $82.05.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the business 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. Equities research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Piper Sandler set a $70.00 target price on shares of Aptiv and gave the company a "neutral" rating in a research report on Thursday, May 22nd. UBS Group increased their target price on shares of Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Royal Bank Of Canada increased their target price on shares of Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Morgan Stanley raised their price target on shares of Aptiv from $55.00 to $60.00 and gave the stock an "underweight" rating in a report on Tuesday, August 12th. Finally, Wolfe Research cut shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $82.33.

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.