Aptiv PLC $APTV Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its position in shares of Aptiv PLC (NYSE:APTV) by 14.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 159,806 shares of the auto parts company’s stock after selling 26,881 shares during the period. Bank of Montreal Can owned about 0.07% of Aptiv worth $10,902,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in Aptiv by 242.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company’s stock worth $509,366,000 after buying an additional 6,062,438 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Aptiv by 10.6% during 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 worth $353,085,000 after acquiring an additional 570,930 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Aptiv by 53.6% in the 1st quarter. Alliancebernstein L.P. now owns 3,515,617 shares of the auto parts company’s stock valued at $209,179,000 after acquiring an additional 1,227,020 shares during the period. Canada Pension Plan Investment Board raised its position in 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 purchasing an additional 266,176 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Aptiv by 1.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,678,612 shares of the auto parts company’s stock worth $191,976,000 after purchasing an additional 33,441 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Aptiv

In other news, CAO Allan J. Brazier sold 1,000 shares of Aptiv 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on APTV shares. UBS Group upped their target price on shares of Aptiv from $75.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Wells Fargo & Company reduced their price objective on Aptiv from $106.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Cowen reiterated a “buy” rating on shares of Aptiv in a research note on Friday, October 31st. BNP Paribas Exane upped their price target on Aptiv from $83.00 to $100.00 in a research note on Wednesday, October 29th. Finally, Morgan Stanley increased their price target on Aptiv from $55.00 to $60.00 and gave the stock an “underweight” rating in a report on Tuesday, August 12th. Three investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $94.56.

Aptiv Trading Up 1.9%

Shares of APTV stock opened at $83.62 on Friday. The business’s fifty day moving average price is $83.74 and its 200 day moving average price is $73.58. The firm has a market capitalization of $18.07 billion, a PE ratio of 66.36, a P/E/G ratio of 0.85 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 PLC has a 1-year low of $47.19 and a 1-year high of $88.80.

Aptiv (NYSE:APTV) last issued 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. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.05 billion. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.83 EPS. 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, sell-side analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

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.