Rafferty Asset Management LLC Sells 9,029 Shares of Aptiv PLC $APTV

Key Points

• Rafferty Asset Management LLC has reduced its stake in Aptiv PLC by 35.2%, now holding 16,640 shares valued at $990,000.
• Goldman Sachs increased its stake in Aptiv by 242.7%, now owning over 8.5 million shares worth approximately $509 million.
• Aptiv reported $2.12 EPS for the last quarter, exceeding expectations and demonstrating a revenue growth of 3.1% year-over-year.

Rafferty Asset Management LLC reduced its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 35.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,640 shares of the auto parts company's stock after selling 9,029 shares during the quarter. Rafferty Asset Management LLC's holdings in Aptiv were worth $990,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Causeway Capital Management LLC raised its stake in Aptiv by 68.9% during the 1st quarter. Causeway Capital Management LLC now owns 860,744 shares of the auto parts company's stock worth $51,214,000 after buying an additional 351,095 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in Aptiv by 103.0% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 69,189 shares of the auto parts company's stock worth $4,117,000 after buying an additional 35,100 shares during the period. SVB Wealth LLC acquired a new position in Aptiv during the 1st quarter worth approximately $59,000. Smartleaf Asset Management LLC raised its stake in Aptiv by 64.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 5,911 shares of the auto parts company's stock worth $358,000 after buying an additional 2,317 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Aptiv by 256.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 39,883 shares of the auto parts company's stock valued at $2,373,000 after purchasing an additional 28,697 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APTV has been the subject of several recent research reports. Wolfe Research downgraded Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Robert W. Baird upped their price target on Aptiv from $84.00 to $97.00 and gave the stock an "outperform" rating in a report on Wednesday. Oppenheimer reiterated an "outperform" rating and set a $88.00 price target (up previously from $84.00) on shares of Aptiv in a report on Monday, August 4th. Piper Sandler set a $70.00 price target on Aptiv and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Finally, Bank of America upped their price target on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, June 16th. 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 stock. According to MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and a consensus price target of $82.33.

Aptiv Stock Performance

Shares of APTV traded up $0.02 on Friday, reaching $80.47. 2,586,488 shares of the company's stock traded hands, compared to its average volume of 2,341,587. 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 cap of $17.52 billion, a PE ratio of 18.41, a PEG ratio of 0.90 and a beta of 1.48. The stock's 50 day simple moving average is $72.33 and its two-hundred day simple moving average is $65.78. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $82.05.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.Aptiv's revenue was up 3.1% on a year-over-year basis. 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, analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal 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.