Truist Financial Corp Has $2.38 Million Position in Aptiv PLC $APTV

Key Points

• Truist Financial Corp increased its stake in Aptiv PLC (APTV) by 16.3%, now holding a position worth approximately $2.38 million after acquiring an additional 4,890 shares.
• Aptiv reported an earnings per share (EPS) of $2.12 for the last quarter, significantly exceeding estimates and seeing a revenue increase of 3.1% year-over-year.
• Several investment firms have raised their price targets for APTV, with analysts having a consensus rating of “Moderate Buy” and an average price target of $90.88.

Truist Financial Corp lifted its stake in Aptiv PLC (NYSE:APTV - Free Report) by 16.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,897 shares of the auto parts company's stock after purchasing an additional 4,890 shares during the period. Truist Financial Corp's holdings in Aptiv were worth $2,381,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of APTV. UMB Bank n.a. acquired a new stake in shares of Aptiv in the first quarter valued at approximately $48,000. Park Avenue Securities LLC acquired a new stake in shares of Aptiv in the first quarter valued at approximately $397,000. Farther Finance Advisors LLC increased its holdings in shares of Aptiv by 139.7% in the first quarter. Farther Finance Advisors LLC now owns 2,558 shares of the auto parts company's stock valued at $151,000 after purchasing an additional 1,491 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Aptiv in the first quarter valued at approximately $202,000. Finally, Wealthcare Advisory Partners LLC bought a new position in Aptiv in the first quarter valued at approximately $298,000. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Stock Down 2.4%

Shares of APTV stock opened at $80.70 on Friday. The firm has a fifty day moving average of $79.62 and a 200-day moving average of $69.24. 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 $88.80. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 0.92 and a beta of 1.55.

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. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the firm earned $1.58 earnings per share. The firm'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. As a group, equities research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Allan J. Brazier sold 1,000 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $85.00, for a total transaction of $85,000.00. Following the completion of the sale, the chief accounting officer owned 49,820 shares of the company's stock, valued at $4,234,700. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on APTV shares. JPMorgan Chase & Co. raised their price objective on shares of Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Barclays raised shares of Aptiv from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $85.00 to $105.00 in a research note on Friday, September 12th. Royal Bank Of Canada raised their price objective on shares of Aptiv from $92.00 to $101.00 and gave the company an "outperform" rating in a research note on Friday. Citigroup started coverage on shares of Aptiv in a research note on Friday. They issued a "buy" rating and a $109.00 price objective on the stock. Finally, UBS Group raised their price objective on shares of Aptiv from $75.00 to $94.00 and gave the company a "neutral" rating in a research note on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $90.88.

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.

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