Aptiv PLC $APTV Holdings Reduced by Forvis Mazars Wealth Advisors LLC

Key Points

• Forvis Mazars Wealth Advisors LLC reduced its holdings in Aptiv PLC by 13.6%, selling 5,349 shares during the 1st quarter, leaving them with 34,019 shares worth approximately $2,024,000.
• Several institutional investors increased their stakes in Aptiv, with Tocqueville Asset Management raising its stake by 31.9% to 86,560 shares valued at $5,150,000.
• Aptiv's recent earnings report revealed earnings per share of $2.12, exceeding expectations, and a revenue increase of 3.1% year-over-year.

Forvis Mazars Wealth Advisors LLC lessened its position in Aptiv PLC (NYSE:APTV - Free Report) by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,019 shares of the auto parts company's stock after selling 5,349 shares during the period. Forvis Mazars Wealth Advisors LLC's holdings in Aptiv were worth $2,024,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Tocqueville Asset Management L.P. raised its holdings in Aptiv by 31.9% in the 1st quarter. Tocqueville Asset Management L.P. now owns 86,560 shares of the auto parts company's stock valued at $5,150,000 after acquiring an additional 20,914 shares during the last quarter. Ethic Inc. boosted its holdings in shares of Aptiv by 14.6% during the first quarter. Ethic Inc. now owns 28,673 shares of the auto parts company's stock worth $1,696,000 after purchasing an additional 3,645 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Aptiv by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,577,294 shares of the auto parts company's stock valued at $153,373,000 after purchasing an additional 36,270 shares during the period. Fox Run Management L.L.C. acquired a new position in Aptiv in the first quarter valued at $1,048,000. Finally, Inspire Trust Co. N.A. lifted its position in Aptiv by 9.7% during the first 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 period. Institutional investors and hedge funds own 94.21% of the company's stock.

Wall Street Analyst Weigh In

APTV has been the subject of several recent analyst reports. Morgan Stanley lifted their price target on Aptiv from $55.00 to $60.00 and gave the company an "underweight" rating in a report on Tuesday, August 12th. Wolfe Research lowered shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. Barclays lifted their price target on shares of Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Oppenheimer restated an "outperform" rating and set a $88.00 price objective (up from $84.00) on shares of Aptiv in a report on Monday, August 4th. Finally, Guggenheim cut Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $81.81.

Aptiv Stock Down 1.3%

NYSE APTV traded down $0.9980 on Wednesday, hitting $75.1420. 2,470,907 shares of the stock traded hands, compared to its average volume of 3,021,560. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $77.09. The stock has a 50-day moving average of $69.52 and a 200 day moving average of $64.48. The company has a market capitalization of $16.36 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 0.85 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, topping analysts' consensus estimates of $1.83 by $0.29. The company had revenue of $5.21 billion for 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%. The company's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period 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. As a group, analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

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.