Sumitomo Mitsui DS Asset Management Company Ltd lessened its stake in shares of Aptiv PLC (NYSE:APTV – Free Report) by 78.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,397 shares of the auto parts company’s stock after selling 23,918 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Aptiv were worth $275,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Shayne & Jacobs LLC lifted its stake in shares of Aptiv by 105.2% during the 1st quarter. Shayne & Jacobs LLC now owns 54,750 shares of the auto parts company’s stock worth $3,802,000 after purchasing an additional 28,070 shares during the last quarter. Ritholtz Wealth Management boosted its position in Aptiv by 164.8% during the first quarter. Ritholtz Wealth Management now owns 25,552 shares of the auto parts company’s stock valued at $1,774,000 after purchasing an additional 15,904 shares in the last quarter. Squarepoint Ops LLC grew its stake in Aptiv by 238.9% in the second quarter. Squarepoint Ops LLC now owns 519,044 shares of the auto parts company’s stock valued at $31,859,000 after purchasing an additional 365,893 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Aptiv in the second quarter valued at about $27,364,000. Finally, Aware Super Pty Ltd as trustee of Aware Super bought a new position in Aptiv in the first quarter worth about $17,765,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.
Aptiv Stock Down 2.5%
Shares of APTV stock opened at $42.70 on Friday. Aptiv PLC has a 1-year low of $41.88 and a 1-year high of $88.93. The stock’s fifty day moving average price is $45.09 and its 200 day moving average price is $54.30. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.33. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 40.29, a price-to-earnings-growth ratio of 0.83 and a beta of 1.48.
Aptiv (NYSE:APTV – Get Free Report) last announced its earnings results on Tuesday, August 4th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.21. Aptiv had a return on equity of 17.10% and a net margin of 1.17%. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the company posted $2.12 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Aptiv has set its FY 2026 guidance at 5.600-5.800 EPS and its Q3 2026 guidance at 1.250-1.350 EPS. On average, research analysts expect that Aptiv PLC will post 5.68 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have commented on APTV shares. Barclays decreased their price target on shares of Aptiv from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. UBS Group lowered their price target on shares of Aptiv from $62.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Zacks Research downgraded shares of Aptiv from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Royal Bank Of Canada reduced their price objective on shares of Aptiv from $78.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, October 12th. Finally, TD Cowen decreased their target price on shares of Aptiv from $90.00 to $77.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.60.
Get Our Latest Report on Aptiv
Aptiv Profile
Aptiv PLC (NYSE: APTV) is a global automotive technology company that develops systems and software intended to make vehicles safer, more connected and increasingly automated. Its solutions are used by automakers in passenger vehicles and commercial vehicles worldwide.
The company’s product portfolio includes advanced driver-assistance and active-safety systems, vehicle computing platforms, infotainment and connectivity technologies, automated-driving solutions, and electrical and electronic distribution systems.
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