Aptiv PLC $APTV Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP has reduced its stake in Aptiv PLC by 72% during the first quarter, now holding 135,384 shares worth approximately $8.05 million.
• Multiple institutional investors have also altered their positions in Aptiv, with a notable 241.9% increase in AQR Capital Management LLC's stake during the fourth quarter.
• Analysts have issued mixed ratings for Aptiv, with targets ranging from $65 to $92 and a consensus rating of "Moderate Buy."

Wellington Management Group LLP lowered its stake in Aptiv PLC (NYSE:APTV - Free Report) by 72.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 135,384 shares of the auto parts company's stock after selling 347,775 shares during the quarter. Wellington Management Group LLP owned about 0.06% of Aptiv worth $8,055,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of APTV. Zions Bancorporation National Association UT acquired a new stake in shares of Aptiv in the first quarter valued at about $26,000. Mather Group LLC. boosted its holdings in 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 purchasing an additional 385 shares during the last quarter. Eastern Bank purchased a new position in Aptiv in the first quarter valued at about $39,000. Versant Capital Management Inc boosted its holdings in Aptiv by 201.7% in the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 470 shares during the last quarter. Finally, UMB Bank n.a. purchased a new position in Aptiv in the first quarter valued at about $48,000. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Stock Performance

NYSE:APTV traded down $0.62 during trading hours on Monday, reaching $79.68. 1,834,007 shares of the stock were exchanged, compared to its average volume of 2,691,584. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. The firm has a 50 day simple moving average of $71.13 and a 200-day simple moving average of $65.32. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $81.13. The stock has a market capitalization of $17.35 billion, a P/E ratio of 18.23, a P/E/G ratio of 0.89 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS 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 for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter last year, the business posted $1.58 EPS. Aptiv's quarterly 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, sell-side analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on APTV. Piper Sandler set a $70.00 price target on Aptiv and gave the company a "neutral" rating in a report on Thursday, May 22nd. Robert W. Baird set a $82.00 price target on Aptiv and gave the company an "outperform" rating in a report on Friday, July 11th. Royal Bank Of Canada increased their price target on Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Wall Street Zen raised Aptiv from a "hold" rating to a "buy" rating in a report on Saturday. Finally, UBS Group increased their price target on Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Three 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 company's stock. According to MarketBeat.com, Aptiv currently has a consensus rating of "Moderate Buy" and an average target price of $81.81.

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.