Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 12,700 Shares of Aptiv PLC $APTV

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund has reduced its stake in Aptiv PLC by 34%, selling 12,700 shares and now holding 24,659 shares worth approximately $1.47 million.
• Aptiv reported a quarterly EPS of $2.12, exceeding expectations, with revenues of $5.21 billion, representing a 3.1% year-over-year increase.
• Several analysts raised their price targets for Aptiv, with Barclays increasing its target from $65 to $85 while the overall consensus price target is $81.81.

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 34.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,659 shares of the auto parts company's stock after selling 12,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Aptiv were worth $1,467,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Stephens Inc. AR grew its position in shares of Aptiv by 5.4% in the first quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company's stock valued at $234,000 after purchasing an additional 201 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Aptiv by 2.9% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,443 shares of the auto parts company's stock valued at $502,000 after purchasing an additional 235 shares during the last quarter. OLD Second National Bank of Aurora grew its position in shares of Aptiv by 1.0% in the first quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company's stock valued at $1,461,000 after purchasing an additional 239 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Aptiv by 0.5% in the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock valued at $3,128,000 after purchasing an additional 248 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its position in shares of Aptiv by 1.3% in the fourth quarter. Rafferty Asset Management LLC now owns 25,669 shares of the auto parts company's stock valued at $1,552,000 after purchasing an additional 341 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Price Performance

APTV traded up $4.0050 during midday trading on Friday, reaching $78.3750. 2,149,013 shares of the company's stock were exchanged, compared to its average volume of 2,886,177. The firm has a market capitalization of $17.07 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 0.88 and a beta of 1.48. 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 PLC has a one year low of $47.19 and a one year high of $78.44. The business has a 50-day simple moving average of $69.94 and a two-hundred day simple moving average of $64.79.

Aptiv (NYSE:APTV - Get Free Report) last announced 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 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 company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter 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, research analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on APTV. Wells Fargo & Company increased their target price on shares of Aptiv from $86.00 to $89.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Barclays increased their target price on shares of Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Wall Street Zen upgraded shares of Aptiv to a "hold" rating in a research note on Saturday, June 21st. Morgan Stanley increased their target price on shares of Aptiv from $55.00 to $60.00 and gave the company an "underweight" rating in a research note on Tuesday, August 12th. Finally, Guggenheim cut shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $81.81.

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.