NFJ Investment Group LLC Has $14.23 Million Position in Aptiv PLC $APTV

Key Points

• NFJ Investment Group LLC has reduced its stake in Aptiv PLC by 8.2%, now holding 239,207 shares which are valued at approximately $14.23 million.
• Aptiv reported a quarterly earnings of $2.12 EPS, exceeding analysts' expectations, with revenues reaching $5.21 billion, a 3.1% increase from the previous year.
• The company received mixed ratings from analysts, with Guggenheim downgrading it to a "neutral" rating while Bank of America raised the price target to $85 and maintained a "buy" rating.

NFJ Investment Group LLC lowered its position in Aptiv PLC (NYSE:APTV - Free Report) by 8.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 239,207 shares of the auto parts company's stock after selling 21,494 shares during the quarter. NFJ Investment Group LLC owned 0.11% of Aptiv worth $14,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in Aptiv by 102.1% during the fourth quarter. BNP Paribas Financial Markets now owns 533,917 shares of the auto parts company's stock worth $32,291,000 after buying an additional 269,770 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in Aptiv by 14.5% during the fourth quarter. Benjamin Edwards Inc. now owns 17,647 shares of the auto parts company's stock valued at $1,067,000 after purchasing an additional 2,230 shares in the last quarter. Deutsche Bank AG grew its position in Aptiv by 41.0% in the fourth quarter. Deutsche Bank AG now owns 1,399,744 shares of the auto parts company's stock valued at $84,657,000 after acquiring an additional 407,180 shares during the period. Ensign Peak Advisors Inc boosted its stake in shares of Aptiv by 18.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 109,723 shares of the auto parts company's stock valued at $6,636,000 after purchasing an additional 16,700 shares in the last quarter. Finally, EdgePoint Investment Group Inc. grew its holdings in shares of Aptiv by 43.9% in the 4th quarter. EdgePoint Investment Group Inc. now owns 3,833 shares of the auto parts company's stock worth $232,000 after purchasing an additional 1,169 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Piper Sandler set a $70.00 price objective on shares of Aptiv and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Wall Street Zen cut shares of Aptiv from a "buy" rating to a "hold" rating in a research note on Sunday. Wells Fargo & Company increased their price target on Aptiv from $89.00 to $103.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Wolfe Research cut Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $83.93.

Aptiv Stock Down 1.8%

Shares of APTV stock traded down $1.50 during trading hours on Wednesday, hitting $80.64. 1,193,790 shares of the company were exchanged, compared to its average volume of 2,956,195. The business has a 50 day moving average of $72.82 and a two-hundred day moving average of $65.99. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $82.74. The company has a market capitalization of $17.56 billion, a PE ratio of 18.44, a PEG ratio of 0.92 and a beta of 1.48. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79.

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. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the firm posted $1.58 EPS. The business's 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. Analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

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.