Aptiv PLC $APTV Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Key Points

• Meiji Yasuda Asset Management Co Ltd. has reduced its stake in Aptiv PLC by 6.0%, holding 49,021 shares valued at approximately $2.92 million following a sale of 3,122 shares in the first quarter.
• Wall Street analysts have mixed ratings on Aptiv, with a consensus average target price of $82.33, indicating a "Moderate Buy" outlook with three analysts recommending a Strong Buy.
• Aptiv reported a quarterly earnings surprise with $2.12 earnings per share, exceeding estimates, and revenue of $5.21 billion, which was above analysts' expectations of $5.02 billion.

Meiji Yasuda Asset Management Co Ltd. decreased its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,021 shares of the auto parts company's stock after selling 3,122 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in Aptiv were worth $2,917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new stake in Aptiv in the 1st quarter valued at $26,000. 1248 Management LLC purchased a new stake in Aptiv in the 1st quarter valued at $28,000. Mather Group LLC. raised its position in Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after purchasing an additional 385 shares during the last quarter. Eastern Bank purchased a new stake in Aptiv in the 1st quarter valued at $39,000. Finally, Versant Capital Management Inc raised 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 purchasing an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

Aptiv stock traded down $0.83 during mid-day trading on Friday, reaching $82.89. The company had a trading volume of 1,662,200 shares, compared to its average volume of 2,955,089. The stock's 50-day simple moving average is $73.24 and its 200-day simple moving average is $66.21. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $84.72. 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 company has a market capitalization of $18.05 billion, a P/E ratio of 18.97, a P/E/G ratio of 0.91 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The company's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior 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. On average, equities analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on APTV. JPMorgan Chase & Co. upped their price target on shares of Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Oppenheimer upped their price objective on shares of Aptiv from $88.00 to $92.00 and gave the stock an "outperform" rating in a research report on Thursday. Morgan Stanley upped their price objective on shares of Aptiv from $55.00 to $60.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 12th. Royal Bank Of Canada upped their price objective on shares of Aptiv from $85.00 to $92.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Finally, UBS Group upped their price objective on shares of Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $85.53.

Aptiv Company 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.