Harris Associates L P Sells 682,165 Shares of Aptiv PLC $APTV

Key Points

• Harris Associates L P reduced its stake in Aptiv PLC by 17.8%, owning 3,154,576 shares valued at approximately $187.70 million.
• Goldman Sachs Group Inc. significantly increased its holdings by 242.7%, now owning 8,560,781 shares worth about $509.37 million.
• Aptiv reported $2.12 earnings per share (EPS) for the last quarter, surpassing analysts' expectations of $1.83 and showcasing a year-over-year revenue increase of 3.1%.

Harris Associates L P decreased its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 17.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,154,576 shares of the auto parts company's stock after selling 682,165 shares during the period. Harris Associates L P owned 1.45% of Aptiv worth $187,697,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in APTV. Zions Bancorporation National Association UT bought a new position in Aptiv in the 1st quarter worth approximately $26,000. Mather Group LLC. boosted its stake in Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after purchasing an additional 385 shares during the period. Eastern Bank bought a new position in Aptiv in the 1st quarter worth approximately $39,000. Versant Capital Management Inc boosted its stake in Aptiv by 201.7% in the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after purchasing an additional 470 shares during the period. Finally, UMB Bank n.a. bought a new position in Aptiv in the 1st quarter worth approximately $48,000. 94.21% of the stock is currently owned by institutional investors.

Aptiv Trading Up 0.0%

Shares of NYSE:APTV traded up $0.02 during trading on Friday, hitting $80.47. The company had a trading volume of 2,586,487 shares, compared to its average volume of 2,980,180. The stock has a market cap of $17.52 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 0.89 and a beta of 1.48. The company has a fifty day simple moving average of $72.09 and a two-hundred day simple moving average of $65.69. Aptiv PLC has a one year low of $47.19 and a one year high of $82.05. 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 (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The firm had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. During the same quarter in the prior year, the firm posted $1.58 earnings per share. The company's quarterly revenue was up 3.1% on a year-over-year basis. 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 forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on APTV shares. Wall Street Zen upgraded Aptiv from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Royal Bank Of Canada upped their price target on Aptiv from $85.00 to $92.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Oppenheimer reaffirmed an "outperform" rating and issued a $88.00 price objective (up previously from $84.00) on shares of Aptiv in a research note on Monday, August 4th. Guggenheim downgraded Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. Finally, Wolfe Research cut shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $82.33.

About Aptiv

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.