Korea Investment CORP Sells 3,981 Shares of Aptiv PLC $APTV

Key Points

• Korea Investment CORP reduced its stake in Aptiv PLC by 2.2%, now holding 180,628 shares, valued at approximately $10.75 million.
• Aptiv reported $2.12 earnings per share for the last quarter, exceeding analysts' estimates of $1.83, with total revenue of $5.21 billion.
• Analysts have set a consensus price target of $81.81 for Aptiv stock, with several institutions raising their price targets recently.

Korea Investment CORP trimmed its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 180,628 shares of the auto parts company's stock after selling 3,981 shares during the period. Korea Investment CORP owned about 0.08% of Aptiv worth $10,747,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Zions Bancorporation National Association UT purchased a new stake in Aptiv during the first quarter worth about $26,000. Mather Group LLC. grew its stake in Aptiv by 155.2% during the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 385 shares in the last quarter. Eastern Bank purchased a new position in Aptiv in the 1st quarter worth approximately $39,000. Versant Capital Management Inc grew 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 buying an additional 470 shares in the last quarter. Finally, UMB Bank n.a. purchased a new position in Aptiv in the 1st quarter worth approximately $48,000. 94.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on APTV shares. Royal Bank Of Canada boosted their price objective on shares of Aptiv from $85.00 to $92.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Robert W. Baird set a $82.00 target price on shares of Aptiv and gave the stock an "outperform" rating in a research report on Friday, July 11th. Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. Wells Fargo & Company lifted their price target on shares of Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Bank of America lifted their price target on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Aptiv presently has an average rating of "Moderate Buy" and an average target price of $81.81.

Aptiv Stock Performance

Shares of NYSE:APTV traded up $0.36 during trading on Wednesday, hitting $80.24. The company's stock had a trading volume of 454,456 shares, compared to its average volume of 2,987,027. The company has a 50-day moving average of $70.38 and a 200-day moving average of $65.01. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $81.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.24. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 0.88 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. 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 business earned $1.58 EPS. The business'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. On average, sell-side analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.

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.