Park Avenue Securities LLC Raises Position in Aptiv PLC $APTV

Key Points

• Park Avenue Securities LLC increased its position in Aptiv PLC by 54.3% during Q2, owning 10,300 shares valued at approximately $703,000.
• Bank of America and Wells Fargo have recently raised their price targets for Aptiv shares, with targets now set at $95.00 and $106.00, respectively.
• Aptiv reported an earnings beat in its latest quarterly results, posting $2.12 per share, surpassing analysts' expectations of $1.83 per share.

Park Avenue Securities LLC increased its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 54.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,300 shares of the auto parts company's stock after purchasing an additional 3,623 shares during the quarter. Park Avenue Securities LLC's holdings in Aptiv were worth $703,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in APTV. Zions Bancorporation National Association UT purchased a new position in Aptiv in the 1st quarter worth $26,000. 1248 Management LLC purchased a new position in Aptiv in the 1st quarter worth $28,000. Geneos Wealth Management Inc. raised its position in Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company's stock worth $29,000 after purchasing an additional 398 shares during the period. Mather Group LLC. increased its position in shares of Aptiv by 155.2% in the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 385 shares during the period. Finally, Eastern Bank purchased a new position in shares of Aptiv in the first quarter valued at about $39,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Bank of America boosted their price target on shares of Aptiv from $85.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Wells Fargo & Company boosted their price target on shares of Aptiv from $103.00 to $106.00 and gave the company an "overweight" rating in a research report on Thursday. Robert W. Baird boosted their price target on shares of Aptiv from $84.00 to $97.00 and gave the company an "outperform" rating in a research report on Wednesday, September 3rd. UBS Group boosted their price target on shares of Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Finally, Morgan Stanley boosted their price target on shares of Aptiv from $55.00 to $60.00 and gave the company an "underweight" rating in a research report on Tuesday, August 12th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of "Moderate Buy" and an average price target of $85.73.

Insider Activity

In other news, CAO Allan J. Brazier sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the transaction, the chief accounting officer owned 49,820 shares in the company, valued at approximately $4,234,700. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.45% of the company's stock.

Aptiv Price Performance

Shares of APTV opened at $86.29 on Friday. The stock has a market cap of $18.79 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 0.96 and a beta of 1.48. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $86.50. The firm's 50-day simple moving average is $76.34 and its two-hundred day simple moving average is $67.72.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. Analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

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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