Firetrail Investments PTY Ltd. Lowers Stock Position in Aptiv PLC $APTV

Firetrail Investments PTY Ltd. lessened its stake in shares of Aptiv PLC (NYSE:APTV) by 2.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 180,017 shares of the auto parts company’s stock after selling 4,633 shares during the quarter. Aptiv makes up 3.2% of Firetrail Investments PTY Ltd.’s investment portfolio, making the stock its 15th biggest position. Firetrail Investments PTY Ltd.’s holdings in Aptiv were worth $12,236,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Strs Ohio boosted its stake in Aptiv by 9.4% during the second quarter. Strs Ohio now owns 481,211 shares of the auto parts company’s stock worth $32,828,000 after buying an additional 41,211 shares during the period. Atria Investments Inc boosted its stake in Aptiv by 21.3% during the second quarter. Atria Investments Inc now owns 5,286 shares of the auto parts company’s stock worth $361,000 after buying an additional 928 shares during the period. Assetmark Inc. boosted its stake in Aptiv by 16.1% during the second quarter. Assetmark Inc. now owns 5,811 shares of the auto parts company’s stock worth $396,000 after buying an additional 805 shares during the period. Keybank National Association OH boosted its stake in Aptiv by 3.3% during the second quarter. Keybank National Association OH now owns 11,159 shares of the auto parts company’s stock worth $761,000 after buying an additional 360 shares during the period. Finally, Arkadios Wealth Advisors boosted its stake in Aptiv by 118.2% during the second quarter. Arkadios Wealth Advisors now owns 23,123 shares of the auto parts company’s stock worth $1,577,000 after buying an additional 12,527 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on APTV. BNP Paribas Exane increased their price target on shares of Aptiv from $83.00 to $100.00 in a research report on Wednesday. Wall Street Zen raised shares of Aptiv from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Aptiv in a research report on Wednesday, October 8th. Oppenheimer set a $94.00 price target on shares of Aptiv and gave the stock an “outperform” rating in a research report on Friday. Finally, Cowen reissued a “buy” rating on shares of Aptiv in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.56.

Insiders Place Their Bets

In related news, CAO Allan J. Brazier sold 1,000 shares of the firm’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 value of $85,000.00. Following the sale, the chief accounting officer owned 49,820 shares of the company’s stock, valued at $4,234,700. This trade 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 through this hyperlink. 0.45% of the stock is currently owned by company insiders.

Aptiv Stock Down 1.4%

Shares of NYSE:APTV opened at $81.01 on Friday. The firm’s 50 day moving average price is $83.47 and its 200 day moving average price is $72.50. The stock has a market cap of $17.64 billion, a price-to-earnings ratio of 64.29, a price-to-earnings-growth ratio of 0.86 and a beta of 1.55. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $88.80. The company has a quick ratio of 1.24, a current ratio of 1.79 and a debt-to-equity ratio of 0.80.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 30th. The auto parts company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.36. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.05 billion. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.83 earnings per share. Aptiv has set its FY 2025 guidance at 7.550-7.850 EPS. Q4 2025 guidance at 1.600-1.900 EPS. As a group, equities research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal 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.