RNC Capital Management LLC Has $743,000 Stock Holdings in Aptiv PLC $APTV

Key Points

• RNC Capital Management LLC reduced its holdings in Aptiv PLC by 31.1% during the first quarter, now owning 12,487 shares valued at $743,000.
• Aptiv reported a quarterly earnings per share (EPS) of $2.12, exceeding analysts' expectations of $1.83, with a revenue of $5.21 billion compared to anticipated $5.02 billion.
• Institutional ownership in Aptiv is high, with 94.21% of the company's stock held by institutional investors and hedge funds.

RNC Capital Management LLC lessened its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 31.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,487 shares of the auto parts company's stock after selling 5,640 shares during the period. RNC Capital Management LLC's holdings in Aptiv were worth $743,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT acquired a new stake in shares of Aptiv during the first quarter worth approximately $26,000. 1248 Management LLC acquired a new stake in shares of Aptiv during the first quarter worth approximately $28,000. Mather Group LLC. increased its holdings in shares of Aptiv by 155.2% during the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after buying an additional 385 shares in the last quarter. Eastern Bank acquired a new stake in shares of Aptiv during the first quarter worth approximately $39,000. Finally, Versant Capital Management Inc increased its holdings in shares of Aptiv by 201.7% during the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after buying an additional 470 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Price Performance

APTV opened at $80.47 on Monday. 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 PLC has a 12 month low of $47.19 and a 12 month high of $82.05. The company has a fifty day simple moving average of $72.33 and a 200 day simple moving average of $65.76. The stock has a market cap of $17.52 billion, a P/E ratio of 18.41, a P/E/G ratio of 0.90 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data 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 business had revenue of $5.21 billion during 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 firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 EPS. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. On average, research analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on APTV shares. Wall Street Zen lowered shares of Aptiv from a "buy" rating to a "hold" rating in a report on Sunday. Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Piper Sandler set a $70.00 price target on shares of Aptiv and gave the company a "neutral" rating in a report on Thursday, May 22nd. Royal Bank Of Canada raised their price objective on shares of Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Finally, Robert W. Baird raised their price objective on shares of Aptiv from $84.00 to $97.00 and gave the company an "outperform" rating in a research note on Wednesday, September 3rd. Three investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and an average price target of $82.33.

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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