Paloma Partners Management Co Sells 862,850 Shares of Aptiv PLC $APTV

Key Points

• Paloma Partners Management Co significantly reduced its position in Aptiv PLC by 94.9%, selling 862,850 shares during the first quarter, leaving them with 46,650 shares valued at approximately $2.78 million.
• Several large institutional investors have also adjusted their positions in Aptiv, with most holdings now owned by 94.21% of institutional investors.
• Aptiv reported earnings per share of $2.12 for the last quarter, exceeding analyst expectations, and set a fiscal year 2025 guidance of 7.300-7.600 EPS.

Paloma Partners Management Co trimmed its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 94.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,650 shares of the auto parts company's stock after selling 862,850 shares during the period. Paloma Partners Management Co's holdings in Aptiv were worth $2,776,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Royal Bank of Canada boosted its stake in shares of Aptiv by 114.4% during the 1st quarter. Royal Bank of Canada now owns 826,347 shares of the auto parts company's stock worth $49,169,000 after buying an additional 440,849 shares during the last quarter. Graham Capital Management L.P. boosted its stake in shares of Aptiv by 189.2% during the 1st quarter. Graham Capital Management L.P. now owns 51,146 shares of the auto parts company's stock worth $3,043,000 after buying an additional 33,459 shares during the last quarter. Quarry LP boosted its stake in shares of Aptiv by 580.3% during the 1st quarter. Quarry LP now owns 11,810 shares of the auto parts company's stock worth $703,000 after buying an additional 10,074 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in Aptiv by 433.8% in the 1st quarter. Panagora Asset Management Inc. now owns 105,916 shares of the auto parts company's stock valued at $6,302,000 after purchasing an additional 86,075 shares during the last quarter. Finally, Vident Advisory LLC lifted its stake in Aptiv by 134.5% in the 1st quarter. Vident Advisory LLC now owns 32,206 shares of the auto parts company's stock valued at $1,916,000 after purchasing an additional 18,475 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APTV has been the subject of several recent analyst reports. Barclays raised their target price on shares of Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Oppenheimer reiterated an "outperform" rating and issued a $88.00 target price (up from $84.00) on shares of Aptiv in a research note on Monday, August 4th. Bank of America raised their target price on shares of Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 16th. UBS Group raised their target price on shares of Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, Robert W. Baird raised their target price on shares of Aptiv from $84.00 to $97.00 and gave the stock an "outperform" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.33.

Aptiv Stock Performance

APTV stock traded up $0.02 during mid-day trading on Friday, hitting $80.47. 2,586,488 shares of the company were exchanged, compared to its average volume of 2,341,587. The business has a 50 day simple moving average of $72.33 and a 200-day simple moving average of $65.78. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $17.52 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 0.90 and a beta of 1.48. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $82.05.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $1.58 earnings per share. 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 analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

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.