River Street Advisors LLC increased its holdings in shares of Aptiv PLC (NYSE:APTV – Free Report) by 26.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,521 shares of the auto parts company’s stock after purchasing an additional 1,348 shares during the period. River Street Advisors LLC’s holdings in Aptiv were worth $445,000 at the end of the most recent quarter.
Other institutional investors 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 1st quarter worth approximately $26,000. 1248 Management LLC acquired a new stake in Aptiv in the first quarter worth $28,000. Geneos Wealth Management Inc. increased its stake in Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 398 shares in the last quarter. Mather Group LLC. raised 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 valued at $38,000 after purchasing an additional 385 shares during the period. Finally, Eastern Bank bought a new position in shares of Aptiv during the 1st quarter worth about $39,000. 94.21% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on APTV. Bank of America upped their price target on Aptiv from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Oppenheimer upped their target price on Aptiv from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Barclays upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $85.00 to $105.00 in a research note on Friday, September 12th. JPMorgan Chase & Co. lifted their price objective on shares of Aptiv from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Daiwa Capital Markets upped their target price on shares of Aptiv from $79.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.63.
Insiders Place Their Bets
In related news, CAO Allan J. Brazier sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 49,820 shares in the company, valued at approximately $4,234,700. This represents a 1.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is owned by corporate insiders.
Aptiv Trading Up 0.2%
NYSE:APTV opened at $87.28 on Friday. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $87.73. 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 firm’s 50 day moving average is $77.64 and its 200 day moving average is $68.35. The stock has a market capitalization of $19.01 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 0.97 and a beta of 1.55.
Aptiv (NYSE:APTV – Get Free Report) last released its earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (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 business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same period last year, the business posted $1.58 earnings per share. The business’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. Sell-side analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.
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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