NorthCrest Asset Manangement LLC Invests $335,000 in Aptiv PLC $APTV

Key Points

• NorthCrest Asset Management LLC has acquired a new stake in Aptiv PLC, purchasing 4,617 shares valued at approximately $335,000 during the second quarter.
• Aptiv's stock is currently down 0.1% and has a market capitalization of $18.57 billion, with a price-to-earnings ratio of 19.52.
• Analysts have varied price targets for Aptiv, with Wells Fargo increasing their target from $89.00 to $103.00 and maintaining an "overweight" rating.

NorthCrest Asset Manangement LLC bought a new stake in Aptiv PLC (NYSE:APTV - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,617 shares of the auto parts company's stock, valued at approximately $335,000.

A number of other large investors have also recently modified their holdings of the business. Gamco Investors INC. ET AL grew its holdings in shares of Aptiv by 1.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 9,760 shares of the auto parts company's stock valued at $581,000 after purchasing an additional 160 shares during the last quarter. AlTi Global Inc. raised its holdings in shares of Aptiv by 1.6% during the first quarter. AlTi Global Inc. now owns 10,677 shares of the auto parts company's stock valued at $635,000 after purchasing an additional 173 shares during the period. Stephens Inc. AR raised its position in shares of Aptiv by 5.4% during the first quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company's stock worth $234,000 after purchasing an additional 201 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in Aptiv by 2.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,443 shares of the auto parts company's stock valued at $502,000 after acquiring an additional 235 shares in the last quarter. Finally, OLD Second National Bank of Aurora boosted its position in shares of Aptiv by 1.0% during the first quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company's stock valued at $1,461,000 after buying an additional 239 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Trading Up 0.4%

Aptiv stock traded up $0.33 during midday trading on Monday, reaching $85.61. The stock had a trading volume of 1,991,837 shares, compared to its average volume of 2,329,518. The firm has a market cap of $18.64 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 0.95 and a beta of 1.48. The company has a fifty day moving average of $74.76 and a 200 day moving average of $67.01. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $86.43. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.

Aptiv (NYSE:APTV - Get Free Report) last issued 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. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The company had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. During the same period in the prior year, the business earned $1.58 EPS. The firm'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, analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on APTV. Wolfe Research cut Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. boosted 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. Royal Bank Of Canada boosted 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. Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. 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 report on Monday, July 14th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Aptiv currently has a consensus rating of "Moderate Buy" and an average target price of $85.53.

Insider Buying and Selling at Aptiv

In related news, CAO Allan J. Brazier sold 1,000 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the completion of the sale, the chief accounting officer owned 49,820 shares of the company's stock, valued at approximately $4,234,700. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.45% of the stock is currently owned by corporate insiders.

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.