Rathbones Group PLC Sells 106,914 Shares of Aptiv PLC $APTV

Rathbones Group PLC cut its holdings in Aptiv PLC (NYSE:APTV) by 7.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,382,958 shares of the auto parts company’s stock after selling 106,914 shares during the quarter. Rathbones Group PLC owned approximately 0.64% of Aptiv worth $94,345,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in APTV. Zions Bancorporation National Association UT purchased a new stake in shares of Aptiv in the 1st quarter worth approximately $26,000. True Wealth Design LLC increased its holdings in Aptiv by 83.8% during the second quarter. True Wealth Design LLC now owns 397 shares of the auto parts company’s stock valued at $27,000 after buying an additional 181 shares during the period. 1248 Management LLC bought a new position in Aptiv in the first quarter worth approximately $28,000. Geneos Wealth Management Inc. lifted its holdings in 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 buying an additional 398 shares during the period. Finally, Eastern Bank purchased a new stake in Aptiv during the first quarter worth $39,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APTV. Wells Fargo & Company cut their price target on Aptiv from $106.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Wall Street Zen upgraded Aptiv from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 23rd. Piper Sandler boosted their target price on shares of Aptiv from $72.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Citigroup started coverage on shares of Aptiv in a research report on Friday, October 10th. They set a “buy” rating and a $109.00 price target for the company. Finally, Oppenheimer set a $94.00 price objective on shares of Aptiv and gave the stock an “outperform” rating in a research report on Friday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.56.

Aptiv Price Performance

Shares of NYSE APTV opened at $83.62 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. The company has a market cap 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 business has a 50-day simple moving average of $83.74 and a two-hundred day simple moving average of $73.58. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $88.80.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 30th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.36. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.05 billion. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.83 earnings per share. 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, equities analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Insider Transactions at Aptiv

In other Aptiv news, CAO Allan J. Brazier sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the completion of the transaction, the chief accounting officer owned 49,820 shares of the company’s stock, valued at approximately $4,234,700. This trade represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.45% of the company’s stock.

Aptiv 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.