US Bancorp DE Trims Stake in Aptiv PLC $APTV

Key Points

• US Bancorp DE reduced its stake in Aptiv PLC by 24.9% during Q2, now holding 91,229 shares valued at $6,224,000.
• Aptiv stock was recently rated with an average target price of $92.47, with several analysts issuing upgrades and ratings including a "buy" rating by Citigroup.
• Despite institutional investors owning 94.21% of Aptiv stock, the stock has seen a decline of 2.4%, currently trading around $80.70.

US Bancorp DE lowered its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 24.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,229 shares of the auto parts company's stock after selling 30,304 shares during the quarter. US Bancorp DE's holdings in Aptiv were worth $6,224,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT purchased a new stake in Aptiv in the first quarter valued at $26,000. 1248 Management LLC purchased a new stake in shares of Aptiv in the 1st quarter valued at $28,000. Geneos Wealth Management Inc. raised its holdings in shares of Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company's stock valued at $29,000 after buying an additional 398 shares during the period. Cromwell Holdings LLC raised its holdings in shares of Aptiv by 4,035.7% in the 2nd quarter. Cromwell Holdings LLC now owns 579 shares of the auto parts company's stock valued at $39,000 after buying an additional 565 shares during the period. Finally, Mather Group LLC. raised its holdings in shares of Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after buying an additional 385 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on APTV shares. Wells Fargo & Company boosted their target price on Aptiv from $103.00 to $106.00 and gave the stock an "overweight" rating in a research note on Thursday, September 25th. Citigroup assumed coverage on Aptiv in a research report on Friday. They issued a "buy" rating and a $109.00 target price for the company. Royal Bank Of Canada upped their target price on Aptiv from $92.00 to $101.00 and gave the company an "outperform" rating in a research report on Friday. UBS Group upped their target price on Aptiv from $75.00 to $94.00 and gave the company a "neutral" rating in a research report on Monday, October 6th. Finally, Morgan Stanley upped their target price on Aptiv from $55.00 to $60.00 and gave the company an "underweight" rating in a research report on Tuesday, August 12th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $92.47.

Insiders Place Their Bets

In other Aptiv news, CAO Allan J. Brazier sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was 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 directly owned 49,820 shares of the company's stock, valued at approximately $4,234,700. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.45% of the company's stock.

Aptiv Stock Down 2.4%

Aptiv stock opened at $80.70 on Monday. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $88.80. The stock has a 50 day moving average of $79.62 and a two-hundred day moving average of $69.32. 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 $17.57 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 0.90 and a beta of 1.55.

Aptiv (NYSE:APTV - Get Free Report) last posted 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. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The company had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.02 billion. During the same period last year, the firm earned $1.58 EPS. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. 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, research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.

Aptiv Company 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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