OLD National Bancorp IN Trims Stake in Aptiv PLC $APTV

Key Points

• OLD National Bancorp IN significantly reduced its stake in Aptiv PLC by 72.9% in the second quarter, now holding only 3,070 shares valued at approximately $209,000.
• Several other institutional investors, including Middleton & Co. Inc. and Crossmark Global Holdings Inc., have recently increased their positions in Aptiv, indicating a mixed sentiment among hedge funds.
• Analysts have generally positive outlooks on Aptiv, with price target upgrades from various firms leading to a consensus rating of "Moderate Buy" and an average target price of $87.81.

OLD National Bancorp IN trimmed its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 72.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,070 shares of the auto parts company's stock after selling 8,260 shares during the quarter. OLD National Bancorp IN's holdings in Aptiv were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Middleton & Co. Inc. MA lifted its stake in Aptiv by 63.1% during the first quarter. Middleton & Co. Inc. MA now owns 33,668 shares of the auto parts company's stock worth $2,003,000 after purchasing an additional 13,026 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Aptiv by 3.5% during the first quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company's stock worth $16,826,000 after purchasing an additional 9,552 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Aptiv by 89.5% during the first quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company's stock worth $1,333,000 after purchasing an additional 10,585 shares during the last quarter. GAMMA Investing LLC lifted its stake in Aptiv by 348.2% during the first quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company's stock worth $164,000 after purchasing an additional 2,138 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Aptiv by 5.5% during the first quarter. Envestnet Asset Management Inc. now owns 303,652 shares of the auto parts company's stock worth $18,067,000 after purchasing an additional 15,849 shares during the last quarter. Institutional investors own 94.21% of the company's stock.

Insider Activity

In other news, CAO Allan J. Brazier sold 1,000 shares of the 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on APTV shares. Barclays raised Aptiv from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $85.00 to $105.00 in a research note on Friday, September 12th. Royal Bank Of Canada boosted their target price on Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Oppenheimer boosted their target price on Aptiv from $88.00 to $92.00 and gave the company an "outperform" rating in a research note on Thursday, September 11th. Wells Fargo & Company boosted their target price on Aptiv from $103.00 to $106.00 and gave the company an "overweight" rating in a research note on Thursday, September 25th. Finally, Robert W. Baird boosted their target price on Aptiv from $84.00 to $97.00 and gave the company an "outperform" rating in a research note on Wednesday, September 3rd. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.81.

Aptiv Trading Down 0.9%

APTV opened at $84.47 on Thursday. The business has a 50 day simple moving average of $79.04 and a two-hundred day simple moving average of $69.00. The firm has a market capitalization of $18.39 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 0.95 and a beta of 1.55. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.24. Aptiv PLC has a one year low of $47.19 and a one year high of $88.80.

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. 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 analyst estimates of $5.02 billion. During the same quarter in the prior year, the company earned $1.58 EPS. The business's revenue was up 3.1% compared to the same quarter last year. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. Analysts predict that Aptiv PLC will post 7.2 EPS for the current 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.

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