Exchange Traded Concepts LLC Sells 8,077 Shares of Aptiv PLC $APTV

Key Points

• Exchange Traded Concepts LLC has reduced its stake in Aptiv PLC by 4.8%, now holding 160,259 shares valued at approximately $10.93 million.
• Aptiv's quarterly earnings report revealed an EPS of $2.12, exceeding analysts' expectations, with a revenue increase of 3.1% year-over-year totaling $5.21 billion.
• Several investment firms have recently upgraded Aptiv's stock rating, with Barclays raising the price target from $85 to $105.

Exchange Traded Concepts LLC decreased its position in Aptiv PLC (NYSE:APTV - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,259 shares of the auto parts company's stock after selling 8,077 shares during the period. Exchange Traded Concepts LLC owned 0.07% of Aptiv worth $10,933,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Middleton & Co. Inc. MA boosted its holdings 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 during the last quarter. Principal Financial Group Inc. boosted its holdings 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 during the last quarter. Crossmark Global Holdings Inc. boosted its holdings 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 during the last quarter. GAMMA Investing LLC boosted its holdings 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 during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings 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 during the last quarter. Institutional investors own 94.21% of the company's stock.

Aptiv Stock Down 0.1%

Shares of NYSE APTV traded down $0.08 during mid-day trading on Friday, reaching $85.29. 5,221,026 shares of the company's stock were exchanged, compared to its average volume of 2,175,836. The firm has a market capitalization of $18.57 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 0.95 and a beta of 1.48. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $74.76 and a 200 day simple moving average of $66.99. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $86.43.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.Aptiv's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $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 analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on APTV shares. Barclays raised Aptiv from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $85.00 to $105.00 in a research note on Friday, September 12th. Wall Street Zen raised Aptiv from a "hold" rating to a "buy" rating in a research note on Monday. Bank of America increased their target price on Aptiv from $85.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Guggenheim lowered Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. Finally, JPMorgan Chase & Co. increased their target price on Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Aptiv presently has a consensus rating of "Moderate Buy" and an average price target of $85.53.

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.