Flputnam Investment Management Co. Cuts Stake in Aptiv PLC $APTV

Key Points

• Flputnam Investment Management Co. has reduced its stake in Aptiv PLC by 28.7%, now holding 9,105 shares after selling 3,658 shares, which are valued at $542,000.
• Multiple brokerages have raised their price targets for Aptiv, with Bank of America targeting $85 and JPMorgan Chase raising it to $90, reflecting a strong positive outlook on the stock.
• Aptiv reported earnings per share of $2.12 for the last quarter, significantly surpassing analysts' estimates of $1.83, with revenues of $5.21 billion and a year-over-year revenue increase of 3.1%.

Flputnam Investment Management Co. lowered its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 28.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,105 shares of the auto parts company's stock after selling 3,658 shares during the quarter. Flputnam Investment Management Co.'s holdings in Aptiv were worth $542,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of APTV. BNP Paribas Financial Markets boosted its stake in shares of Aptiv by 102.1% in the 4th quarter. BNP Paribas Financial Markets now owns 533,917 shares of the auto parts company's stock valued at $32,291,000 after purchasing an additional 269,770 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in Aptiv by 14.5% during the 4th quarter. Benjamin Edwards Inc. now owns 17,647 shares of the auto parts company's stock worth $1,067,000 after acquiring an additional 2,230 shares during the last quarter. Deutsche Bank AG boosted its stake in Aptiv by 41.0% during the 4th quarter. Deutsche Bank AG now owns 1,399,744 shares of the auto parts company's stock worth $84,657,000 after acquiring an additional 407,180 shares during the last quarter. Ensign Peak Advisors Inc raised its holdings in Aptiv by 18.0% during the 4th quarter. Ensign Peak Advisors Inc now owns 109,723 shares of the auto parts company's stock worth $6,636,000 after buying an additional 16,700 shares during the period. Finally, EdgePoint Investment Group Inc. raised its holdings in Aptiv by 43.9% during the 4th quarter. EdgePoint Investment Group Inc. now owns 3,833 shares of the auto parts company's stock worth $232,000 after buying an additional 1,169 shares during the period. Institutional investors own 94.21% of the company's stock.

Aptiv Trading Up 0.0%

NYSE APTV traded up $0.02 during trading hours on Friday, reaching $80.47. The company's stock had a trading volume of 2,586,488 shares, compared to its average volume of 2,341,587. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.24. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $82.05. The firm has a fifty day simple moving average of $72.33 and a 200-day simple moving average of $65.78. The stock has a market cap of $17.52 billion, a P/E ratio of 18.41, a P/E/G ratio of 0.90 and a beta of 1.48.

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. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. Aptiv's revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 EPS. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. Equities analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on APTV shares. Wells Fargo & Company lifted their price objective on shares of Aptiv from $86.00 to $89.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Morgan Stanley lifted their price objective on shares of Aptiv from $55.00 to $60.00 and gave the company an "underweight" rating in a report on Tuesday, August 12th. UBS Group lifted their price objective on shares of Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Oppenheimer reaffirmed an "outperform" rating and set a $88.00 price objective (up from $84.00) on shares of Aptiv in a research report on Monday, August 4th. Finally, Guggenheim cut shares of Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Aptiv presently has a consensus rating of "Moderate Buy" and an average price target 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.