Douglas Lane & Associates LLC Decreases Holdings in Aptiv PLC $APTV

Key Points

• Douglas Lane & Associates LLC has reduced its stake in Aptiv PLC by 5.4% during Q2, owning 999,159 shares worth approximately $68.16 million by the end of the quarter.
• Aptiv's stock has received various analyst upgrades, with new price targets set as high as $97.00 and a consensus rating of "Moderate Buy."
• In its most recent earnings report, Aptiv posted an EPS of $2.12, surpassing analyst expectations of $1.83, and achieved a revenue of $5.21 billion, which was also above estimates.

Douglas Lane & Associates LLC lowered its stake in Aptiv PLC (NYSE:APTV - Free Report) by 5.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 999,159 shares of the auto parts company's stock after selling 56,570 shares during the period. Douglas Lane & Associates LLC owned approximately 0.46% of Aptiv worth $68,163,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in APTV. Goldman Sachs Group Inc. grew its stake in Aptiv by 242.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company's stock valued at $509,366,000 after acquiring an additional 6,062,438 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Aptiv by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,934,199 shares of the auto parts company's stock worth $353,085,000 after acquiring an additional 570,930 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Aptiv by 53.6% in the first quarter. Alliancebernstein L.P. now owns 3,515,617 shares of the auto parts company's stock valued at $209,179,000 after acquiring an additional 1,227,020 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Aptiv by 8.5% during the first quarter. Canada Pension Plan Investment Board now owns 3,404,273 shares of the auto parts company's stock worth $202,554,000 after acquiring an additional 266,176 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Aptiv by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,577,294 shares of the auto parts company's stock worth $153,373,000 after buying an additional 36,270 shares during the period. Institutional investors own 94.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on APTV shares. UBS Group upped their target price on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Royal Bank Of Canada boosted their target price on Aptiv from $85.00 to $92.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Guggenheim downgraded Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. Barclays upgraded Aptiv from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $85.00 to $105.00 in a report on Friday, September 12th. Finally, Oppenheimer increased their price objective on Aptiv from $88.00 to $92.00 and gave the company an "outperform" rating in a report on Thursday, September 11th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $85.53.

Aptiv Price Performance

Shares of NYSE APTV traded down $0.36 during trading on Friday, hitting $85.01. 660,897 shares of the company were exchanged, compared to its average volume of 2,922,006. The company has a market cap of $18.51 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 0.92 and a beta of 1.48. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $85.57. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.24. The firm's fifty day moving average price is $74.44 and its 200 day moving average price is $66.83.

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, beating the consensus estimate of $1.83 by $0.29. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The business 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 company posted $1.58 EPS. The business's revenue was up 3.1% compared to the same quarter last year. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. On average, sell-side analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

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.