Geode Capital Management LLC Lowers Position in Aptiv PLC $APTV

Geode Capital Management LLC lessened its position in Aptiv PLC (NYSE:APTV) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,729,550 shares of the auto parts company’s stock after selling 155,845 shares during the quarter. Geode Capital Management LLC’s holdings in Aptiv were worth $389,212,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC lifted its position in Aptiv by 83.8% during the 2nd quarter. True Wealth Design LLC now owns 397 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 181 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of Aptiv during the first quarter valued at approximately $26,000. 1248 Management LLC bought a new stake in Aptiv in the first quarter worth $28,000. Geneos Wealth Management Inc. grew 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 worth $29,000 after acquiring an additional 398 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Aptiv by 175.9% during the second quarter. Allworth Financial LP now owns 560 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 357 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Down 2.6%

NYSE:APTV opened at $78.92 on Friday. Aptiv PLC has a one year low of $47.19 and a one year high of $88.80. The business has a fifty day moving average price of $83.90 and a 200-day moving average price of $74.47. The firm has a market capitalization of $17.05 billion, a price-to-earnings ratio of 62.64, a price-to-earnings-growth ratio of 0.81 and a beta of 1.58. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.79 and a quick ratio of 1.26.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, October 30th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.36. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.05 billion. Aptiv had a return on equity of 18.51% and a net margin of 1.46%.Aptiv’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. Sell-side analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Insider Buying and Selling at Aptiv

In other Aptiv 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 value of $85,000.00. Following the completion of the transaction, the chief accounting officer directly owned 49,820 shares in the company, valued at $4,234,700. This represents a 1.97% decrease in their ownership of the stock. 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 insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on APTV shares. Wall Street Zen raised shares of Aptiv from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 23rd. JPMorgan Chase & Co. upped 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. Argus boosted their target price on Aptiv from $78.00 to $99.00 in a research report on Monday, November 10th. Oppenheimer set a $94.00 target price on shares of Aptiv and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, BNP Paribas Exane lifted their price target on shares of Aptiv from $83.00 to $100.00 in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $94.79.

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.