Gulf International Bank UK Ltd Cuts Stake in Aptiv PLC $APTV

Key Points

• Gulf International Bank UK Ltd has reduced its stake in Aptiv PLC by 30.5%, selling 6,800 shares and holding 15,478 shares valued at approximately $920,000.
• Several institutional investors have significantly increased their holdings in Aptiv, including Goldman Sachs Group Inc., which boosted its stake by 242.7% to over 8.5 million shares.
• Aptiv's recent earnings report shows earnings per share of $2.12, surpassing analyst expectations, with a revenue of $5.21 billion for the quarter.

Gulf International Bank UK Ltd trimmed its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 30.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,478 shares of the auto parts company's stock after selling 6,800 shares during the period. Gulf International Bank UK Ltd's holdings in Aptiv were worth $920,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation National Association UT purchased a new position in shares of Aptiv during the first quarter valued at approximately $26,000. Mather Group LLC. lifted its stake in shares of Aptiv by 155.2% during the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after acquiring an additional 385 shares during the last quarter. Eastern Bank purchased a new position in Aptiv during the 1st quarter valued at $39,000. Versant Capital Management Inc grew its position in Aptiv by 201.7% in the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after acquiring an additional 470 shares during the last quarter. Finally, UMB Bank n.a. purchased a new stake in Aptiv in the first quarter worth $48,000. Institutional investors own 94.21% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on APTV shares. Wells Fargo & Company upped their price target on shares of Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Barclays upped their target price on shares of Aptiv from $65.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. lifted their price target on shares of Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Guggenheim lowered Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Finally, Wolfe Research downgraded Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.81.

Aptiv Stock Up 5.0%

NYSE:APTV traded up $3.71 during trading hours on Friday, reaching $78.08. The company's stock had a trading volume of 412,901 shares, compared to its average volume of 2,996,433. The stock has a 50 day moving average price of $69.71 and a two-hundred day moving average price of $64.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. The company has a market capitalization of $17.00 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 0.84 and a beta of 1.48. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $77.77.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $5.21 billion for 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%.The business's revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business 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 predict that Aptiv PLC will post 7.2 EPS 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.