Ethic Inc. Has $1.70 Million Stock Position in Aptiv PLC $APTV

Key Points

• Ethic Inc. increased its stake in Aptiv PLC by 14.6%, acquiring an additional 3,645 shares, bringing its total to 28,673 shares valued at approximately $1.7 million.
• Aptiv's stock has recently seen a growth of 2.0% and has a market cap of $16.48 billion, with a twelve-month price range between $47.19 and $76.16.
• The company reported earnings of $2.12 per share for the last quarter, surpassing analysts' expectations, and anticipates a 7.2 earnings per share for the current year.

Ethic Inc. grew its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 14.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 28,673 shares of the auto parts company's stock after acquiring an additional 3,645 shares during the quarter. Ethic Inc.'s holdings in Aptiv were worth $1,696,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position 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 valued at $153,373,000 after acquiring an additional 36,270 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Aptiv during the 1st quarter worth $1,048,000. Inspire Trust Co. N.A. lifted its position in shares of Aptiv by 9.7% during the 1st quarter. Inspire Trust Co. N.A. now owns 34,000 shares of the auto parts company's stock worth $2,023,000 after buying an additional 3,000 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Aptiv during the 1st quarter worth $209,000. Finally, Lyrical Asset Management LP lifted its position in shares of Aptiv by 27.0% during the 1st quarter. Lyrical Asset Management LP now owns 83,345 shares of the auto parts company's stock worth $4,959,000 after buying an additional 17,702 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

APTV has been the subject of several recent analyst reports. Wolfe Research downgraded Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company upped their price objective on Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Bank of America increased their target price on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Oppenheimer reiterated an "outperform" rating and issued a $88.00 target price (up from $84.00) on shares of Aptiv in a research report on Monday, August 4th. Finally, Robert W. Baird set a $82.00 target price on Aptiv and gave the company an "outperform" rating in a research report on Friday, July 11th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $81.81.

Aptiv Trading Up 5.4%

Shares of APTV stock traded up $4.0050 on Friday, hitting $78.3750. The company had a trading volume of 2,149,013 shares, compared to its average volume of 2,903,292. The firm has a market cap of $17.07 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.88 and a beta of 1.48. The stock's 50-day moving average is $69.94 and its two-hundred day moving average is $64.80. 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 twelve month low of $47.19 and a twelve month high of $78.44.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, equities research analysts anticipate 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.