Panagora Asset Management Inc. Has $14.95 Million Stock Position in Aptiv PLC $APTV

Panagora Asset Management Inc. raised its position in Aptiv PLC (NYSE:APTV) by 107.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 219,207 shares of the auto parts company’s stock after buying an additional 113,291 shares during the period. Panagora Asset Management Inc. owned 0.10% of Aptiv worth $14,954,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of Aptiv by 242.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company’s stock valued at $509,366,000 after acquiring an additional 6,062,438 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Aptiv by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,934,199 shares of the auto parts company’s stock valued at $353,085,000 after purchasing an additional 570,930 shares in the last quarter. Franklin Resources Inc. raised its position in Aptiv by 6.6% in the 2nd quarter. Franklin Resources Inc. now owns 3,579,344 shares of the auto parts company’s stock valued at $244,183,000 after purchasing an additional 221,449 shares during the last quarter. Alliancebernstein L.P. raised its position in Aptiv by 53.6% in the 1st quarter. Alliancebernstein L.P. now owns 3,515,617 shares of the auto parts company’s stock valued at $209,179,000 after purchasing an additional 1,227,020 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Aptiv by 8.5% in the first quarter. Canada Pension Plan Investment Board now owns 3,404,273 shares of the auto parts company’s stock worth $202,554,000 after purchasing an additional 266,176 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Aptiv

In other news, CAO Allan J. Brazier sold 1,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.45% of the stock is currently owned by company insiders.

Aptiv Stock Up 0.5%

Shares of NYSE APTV opened at $77.34 on Wednesday. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $88.80. The firm’s 50-day moving average is $81.96 and its 200-day moving average is $75.65. The company has a current ratio of 1.79, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $16.71 billion, a PE ratio of 61.38, a price-to-earnings-growth ratio of 0.79 and a beta of 1.51.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.36. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the previous year, the firm posted $1.83 earnings per share. Aptiv’s revenue for the quarter was up 7.4% compared to the same quarter last year. Aptiv has set its FY 2025 guidance at 7.550-7.850 EPS and its Q4 2025 guidance at 1.600-1.900 EPS. Equities analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on APTV. JPMorgan Chase & Co. lifted their price target on Aptiv from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Barclays raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $85.00 to $105.00 in a report on Friday, September 12th. Citigroup initiated coverage on shares of Aptiv in a research note on Friday, October 10th. They issued a “buy” rating and a $109.00 target price for the company. BNP Paribas Exane increased their price target on shares of Aptiv from $100.00 to $107.00 in a research note on Friday, November 21st. Finally, UBS Group raised their price target on shares of Aptiv from $75.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.42.

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.