Bank of New York Mellon Corp Purchases Shares of 994,869 Aptiv PLC $APTV

Bank of New York Mellon Corp purchased a new position in Aptiv PLC (NYSE:APTV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 994,869 shares of the auto parts company’s stock, valued at approximately $61,065,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APTV. Larson Financial Group LLC grew its holdings in Aptiv by 240.0% during the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock valued at $27,000 after buying an additional 252 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Aptiv by 452.3% during 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. Atlas Capital Advisors Inc. purchased a new position in Aptiv during the fourth quarter valued at $33,000. DV Equities LLC bought a new stake in Aptiv in the 4th quarter valued at $33,000. Finally, Eastern Bank increased its holdings in Aptiv by 702.9% in the 2nd quarter. Eastern Bank now owns 546 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 478 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Down 0.6%

Shares of NYSE APTV opened at $46.35 on Thursday. Aptiv PLC has a 52-week low of $46.07 and a 52-week high of $88.93. The firm has a market capitalization of $9.62 billion, a price-to-earnings ratio of 43.73, a PEG ratio of 0.90 and a beta of 1.46. The stock has a 50 day moving average price of $55.56 and a 200 day moving average price of $62.89. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.33 and a current ratio of 2.02.

Aptiv (NYSE:APTV) last issued its earnings results on Tuesday, August 4th. The auto parts company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.21. Aptiv had a return on equity of 17.10% and a net margin of 1.17%.The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the previous year, the company posted $2.12 EPS. Aptiv’s revenue was up 2.3% on a year-over-year basis. Aptiv has set its FY 2026 guidance at 5.600-5.800 EPS and its Q3 2026 guidance at 1.250-1.350 EPS. Sell-side analysts expect that Aptiv PLC will post 5.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Piper Sandler dropped their price objective on shares of Aptiv from $106.00 to $94.00 and set an “overweight” rating for the company in a report on Monday, June 8th. JPMorgan Chase & Co. reduced their price target on shares of Aptiv from $84.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, July 10th. The Goldman Sachs Group decreased their price target on shares of Aptiv from $82.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $71.00 to $55.00 in a report on Wednesday, August 5th. Nineteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and a consensus price target of $76.50.

Insider Buying and Selling at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the sale, the executive vice president owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.06% of the company’s stock.

Aptiv Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.