Massachusetts Financial Services Co. MA Sells 1,881,995 Shares of Aptiv PLC $APTV

Massachusetts Financial Services Co. MA cut its position in shares of Aptiv PLC (NYSE:APTV) by 15.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,090,642 shares of the auto parts company’s stock after selling 1,881,995 shares during the quarter. Massachusetts Financial Services Co. MA owned about 4.63% of Aptiv worth $870,015,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of APTV. True Wealth Design LLC grew its holdings in Aptiv by 83.8% during the 2nd quarter. True Wealth Design LLC now owns 397 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 181 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 398 shares in the last quarter. Allworth Financial LP increased its holdings in Aptiv by 175.9% in the second quarter. Allworth Financial LP now owns 560 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 357 shares in the last quarter. Cromwell Holdings LLC lifted its stake in Aptiv by 4,035.7% in the second quarter. Cromwell Holdings LLC now owns 579 shares of the auto parts company’s stock valued at $39,000 after buying an additional 565 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in shares of Aptiv during the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on APTV shares. Cowen reiterated a “buy” rating on shares of Aptiv in a research note on Friday, October 31st. Fox Advisors raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $110.00 price target for the company in a research note on Tuesday. Zacks Research raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Morgan Stanley set a $84.00 target price on Aptiv and gave the company an “equal weight” rating in a research note on Monday, December 8th. Finally, JPMorgan Chase & Co. upped their price target on Aptiv from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $99.05.

Insider Activity at Aptiv

In other news, EVP Katherine H. Ramundo sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $85.00, for a total transaction of $425,000.00. Following the sale, the executive vice president owned 116,959 shares in the company, valued at approximately $9,941,515. This trade represents a 4.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.45% of the stock is owned by insiders.

Aptiv Trading Down 4.9%

Aptiv stock opened at $78.57 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.79. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $88.93. The stock has a market cap of $16.98 billion, a P/E ratio of 62.36, a PEG ratio of 0.91 and a beta of 1.50. The firm’s fifty day moving average price is $78.59 and its 200-day moving average price is $78.28.

Aptiv (NYSE:APTV) last posted 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 business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Aptiv had a return on equity of 18.51% and a net margin of 1.46%.The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.83 earnings per share. Aptiv has set its FY 2025 guidance at 7.550-7.850 EPS and its Q4 2025 guidance at 1.600-1.900 EPS. Equities research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Aptiv Company 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.