Bank of New York Mellon Corp Sells 173,099 Shares of Aptiv PLC $APTV

Bank of New York Mellon Corp lessened its holdings in Aptiv PLC (NYSE:APTV) by 12.1% in the second quarter, HoldingsChannel reports. The fund owned 1,261,330 shares of the auto parts company’s stock after selling 173,099 shares during the period. Bank of New York Mellon Corp’s holdings in Aptiv were worth $86,048,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Zions Bancorporation National Association UT bought a new stake in Aptiv in the 1st quarter valued at about $26,000. 1248 Management LLC acquired a new stake in shares of Aptiv in the first quarter valued at approximately $28,000. Geneos Wealth Management Inc. boosted its stake in shares of 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 buying an additional 398 shares during the period. Eastern Bank bought a new stake in shares of Aptiv in the first quarter valued at approximately $39,000. Finally, Cromwell Holdings LLC increased its stake in Aptiv by 4,035.7% during the 2nd quarter. Cromwell Holdings LLC now owns 579 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 565 shares during the period. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Performance

Shares of Aptiv stock opened at $83.62 on Friday. The stock has a market cap of $18.07 billion, a price-to-earnings ratio of 66.36, a P/E/G ratio of 0.85 and a beta of 1.58. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $88.80. The company’s fifty day moving average is $83.74 and its 200 day moving average is $73.58. The company has a quick ratio of 1.26, a current ratio of 1.79 and a debt-to-equity ratio of 0.80.

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

Insider Buying and Selling

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 shares were 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 owned 49,820 shares of the company’s stock, valued at approximately $4,234,700. This represents a 1.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on APTV. Barclays raised Aptiv from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $85.00 to $105.00 in a report on Friday, September 12th. Cowen reiterated a “buy” rating on shares of Aptiv in a research note on Friday, October 31st. BNP Paribas Exane raised their target price on shares of Aptiv from $83.00 to $100.00 in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aptiv in a report on Wednesday, October 8th. Finally, Morgan Stanley increased their price target on shares of Aptiv from $55.00 to $60.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.56.

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.