Aptiv PLC $APTV is Atlantic Investment Management Inc.'s Largest Position

Key Points

• Atlantic Investment Management Inc. has reduced its holdings in Aptiv PLC by 11.8%, currently owning 0.31% of the company's shares valued at approximately $40.10 million.
• Analysts have updated their ratings on Aptiv, with Wall Street Zen upgrading the stock to a "buy" and JPMorgan raising the price target from $85 to $90.
• Aptiv reported earnings of $2.12 EPS for the last quarter, exceeding expectations, and has set its fiscal year 2025 guidance between 7.300-7.600 EPS.

Atlantic Investment Management Inc. lessened its stake in Aptiv PLC (NYSE:APTV - Free Report) by 11.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 673,971 shares of the auto parts company's stock after selling 89,984 shares during the period. Aptiv accounts for approximately 22.4% of Atlantic Investment Management Inc.'s portfolio, making the stock its largest position. Atlantic Investment Management Inc. owned approximately 0.31% of Aptiv worth $40,101,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Middleton & Co. Inc. MA boosted its stake in Aptiv by 63.1% in the first quarter. Middleton & Co. Inc. MA now owns 33,668 shares of the auto parts company's stock valued at $2,003,000 after acquiring an additional 13,026 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Aptiv by 3.5% in the first quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company's stock valued at $16,826,000 after acquiring an additional 9,552 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Aptiv by 89.5% in the first quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company's stock valued at $1,333,000 after acquiring an additional 10,585 shares in the last quarter. GAMMA Investing LLC boosted its stake in Aptiv by 348.2% in the first quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company's stock valued at $164,000 after acquiring an additional 2,138 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Aptiv by 5.5% in the first quarter. Envestnet Asset Management Inc. now owns 303,652 shares of the auto parts company's stock valued at $18,067,000 after acquiring an additional 15,849 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Stock Performance

NYSE APTV traded up $0.02 during trading hours on Friday, hitting $80.47. 2,586,488 shares of the stock were exchanged, compared to its average volume of 2,341,587. The company has a market cap of $17.52 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 0.90 and a beta of 1.48. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $82.05. The stock has a 50-day moving average of $72.33 and a 200 day moving average of $65.78. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.

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

Analyst Ratings Changes

A number of brokerages have recently commented on APTV. Oppenheimer reaffirmed an "outperform" rating and issued a $88.00 target price (up from $84.00) on shares of Aptiv in a report on Monday, August 4th. Guggenheim cut shares of Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Morgan Stanley upped their target price on shares of Aptiv from $55.00 to $60.00 and gave the company an "underweight" rating in a report on Tuesday, August 12th. Barclays upped their target price on shares of Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company upped their target price on shares of Aptiv from $86.00 to $89.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Aptiv presently 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.