New Wave Wealth Advisors LLC Takes $523,000 Position in Aptiv PLC $APTV

Key Points

• New Wave Wealth Advisors LLC made a significant investment in Aptiv PLC, acquiring 7,662 shares valued at approximately $523,000 during the 2nd quarter.
• Aptiv has a market cap of $18.98 billion and reported a 3.1% year-over-year revenue increase, with quarterly earnings exceeding analysts' expectations.
• Wall Street analysts maintain a Moderate Buy rating for Aptiv, with an average price target of $86.63 and varied ratings from multiple firms regarding the stock's performance.

New Wave Wealth Advisors LLC purchased a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,662 shares of the auto parts company's stock, valued at approximately $523,000.

Other large investors also recently bought and sold shares of the company. Middleton & Co. Inc. MA increased its holdings in Aptiv by 63.1% in the 1st quarter. Middleton & Co. Inc. MA now owns 33,668 shares of the auto parts company's stock worth $2,003,000 after buying an additional 13,026 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Aptiv by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company's stock worth $16,826,000 after buying an additional 9,552 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Aptiv by 89.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company's stock worth $1,333,000 after buying an additional 10,585 shares in the last quarter. GAMMA Investing LLC increased its holdings in Aptiv by 348.2% in the 1st quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company's stock worth $164,000 after buying an additional 2,138 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Aptiv by 5.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 303,652 shares of the auto parts company's stock worth $18,067,000 after buying an additional 15,849 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

APTV has been the subject of several research analyst reports. Guggenheim downgraded Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Morgan Stanley raised their target price on 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 raised their target price on Aptiv from $85.00 to $92.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. raised their target price on Aptiv from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, UBS Group raised their target price on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Aptiv presently has an average rating of "Moderate Buy" and an average price target of $86.63.

Aptiv Stock Up 1.1%

APTV stock opened at $87.14 on Thursday. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $87.67. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. The stock has a market cap of $18.98 billion, a P/E ratio of 19.94, a PEG ratio of 0.96 and a beta of 1.55. The business's 50-day moving average price is $77.31 and its 200-day moving average price is $68.18.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The firm 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 business's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $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 research analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Insider Transactions at Aptiv

In other Aptiv news, CAO Allan J. Brazier sold 1,000 shares of Aptiv stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. Following the sale, the chief accounting officer owned 49,820 shares of the company's stock, valued at $4,234,700. The trade was a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.45% of the stock is currently owned by insiders.

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.

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