Northwest & Ethical Investments L.P. Sells 4,389 Shares of Aptiv PLC $APTV

Northwest & Ethical Investments L.P. lowered its stake in Aptiv PLC (NYSE:APTV) by 1.9% in the second quarter, Holdings Channel reports. The fund owned 221,617 shares of the auto parts company’s stock after selling 4,389 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Aptiv were worth $15,119,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its position in Aptiv by 242.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company’s stock worth $509,366,000 after purchasing an additional 6,062,438 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Aptiv by 10.6% in the first 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 buying an additional 570,930 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Aptiv by 6.6% during the second quarter. Franklin Resources Inc. now owns 3,579,344 shares of the auto parts company’s stock worth $244,183,000 after buying an additional 221,449 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Aptiv by 53.6% during the first quarter. Alliancebernstein L.P. now owns 3,515,617 shares of the auto parts company’s stock worth $209,179,000 after buying an additional 1,227,020 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Aptiv by 8.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,404,273 shares of the auto parts company’s stock valued at $202,554,000 after acquiring an additional 266,176 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Aptiv news, CAO Allan J. Brazier sold 1,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was 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 directly owned 49,820 shares in the company, valued at approximately $4,234,700. This trade represents a 1.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on APTV. JPMorgan Chase & Co. boosted their price objective on Aptiv from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Cowen reissued a “buy” rating on shares of Aptiv in a research note on Friday, October 31st. Bank of America boosted their price target on Aptiv from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $101.00 price objective on shares of Aptiv in a report on Wednesday, November 19th. Finally, BNP Paribas Exane lifted their target price on shares of Aptiv from $100.00 to $107.00 in a research report on Friday, November 21st. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $95.42.

Aptiv Stock Performance

Shares of APTV stock opened at $76.33 on Wednesday. The stock has a market capitalization of $16.49 billion, a PE ratio of 60.58, a PEG ratio of 0.77 and a beta of 1.58. The business’s 50 day simple moving average is $82.74 and its 200 day simple moving average is $75.34. 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 PLC has a one year low of $47.19 and a one year high of $88.80.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 30th. The auto parts company reported $2.17 earnings per share (EPS) 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 firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter in the previous year, the company earned $1.83 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. 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, research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current 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.