Mirova Trims Stock Holdings in Aptiv PLC $APTV

Key Points

• Mirova has reduced its stake in Aptiv PLC by 23.8%, selling 5,000 shares during the first quarter and leaving it with 16,013 shares valued at approximately $953,000.
• Aptiv's stock has received several analyst upgrades, with Royal Bank of Canada increasing its target price from $85.00 to $92.00, citing an "outperform" rating.
• The company reported earnings of $2.12 EPS for the last quarter, exceeding analysts' expectations, and forecasted FY 2025 earnings between 7.300-7.600 EPS.

Mirova cut its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 23.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,013 shares of the auto parts company's stock after selling 5,000 shares during the quarter. Mirova's holdings in Aptiv were worth $953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of APTV. Zions Bancorporation National Association UT purchased a new position in Aptiv during the first quarter worth about $26,000. Mather Group LLC. lifted its holdings in 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 buying an additional 385 shares during the last quarter. Eastern Bank bought a new stake in shares of Aptiv in the 1st quarter worth approximately $39,000. Versant Capital Management Inc raised its stake in Aptiv by 201.7% during 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 in the last quarter. Finally, UMB Bank n.a. bought a new stake in shares of Aptiv in the 1st quarter worth $48,000. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Price Performance

NYSE APTV traded up $0.35 on Thursday, hitting $80.30. The company had a trading volume of 2,062,189 shares, compared to its average volume of 2,994,724. 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 company's fifty day moving average price is $70.63 and its 200-day moving average price is $65.11. The company has a market capitalization of $17.49 billion, a PE ratio of 18.37, a PEG ratio of 0.90 and a beta of 1.48.

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

Wall Street Analyst Weigh In

APTV has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on Aptiv from $55.00 to $60.00 and gave the company an "underweight" rating in a research note on Tuesday, August 12th. Barclays increased their price target on Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Wolfe Research downgraded Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. raised their price objective on Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Bank of America raised their price objective on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Three investment 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.81.

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.