Rhumbline Advisers Sells 24,585 Shares of Aptiv PLC $APTV

Rhumbline Advisers reduced its holdings in Aptiv PLC (NYSE:APTV) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 433,519 shares of the auto parts company’s stock after selling 24,585 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of Aptiv worth $29,575,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of APTV. True Wealth Design LLC grew its stake in shares of Aptiv by 83.8% in the second quarter. True Wealth Design LLC now owns 397 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 181 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Aptiv during the 1st quarter worth about $26,000. 1248 Management LLC acquired a new position in Aptiv during the 1st quarter worth about $28,000. Geneos Wealth Management Inc. grew its position in shares of Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after buying an additional 398 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of Aptiv by 175.9% in the second quarter. Allworth Financial LP now owns 560 shares of the auto parts company’s stock valued at $38,000 after buying an additional 357 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Activity

In other news, CAO Allan J. Brazier sold 1,000 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $85.00, for a total transaction of $85,000.00. Following the transaction, the chief accounting officer owned 49,820 shares of the company’s stock, valued at $4,234,700. This represents a 1.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is owned by company insiders.

Aptiv Stock Performance

Shares of APTV stock opened at $76.97 on Thursday. The firm has a 50 day moving average of $82.62 and a 200-day moving average of $75.35. The company has a market cap of $16.63 billion, a price-to-earnings ratio of 61.09, a price-to-earnings-growth ratio of 0.78 and a beta of 1.58. The company has a quick ratio of 1.26, a current ratio of 1.79 and a debt-to-equity ratio of 0.80. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $88.80.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 30th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.36. The company 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%. Aptiv’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, equities analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on APTV. Deutsche Bank Aktiengesellschaft cut their price objective on Aptiv from $105.00 to $104.00 in a research note on Friday, October 31st. Evercore ISI raised their price target on shares of Aptiv from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday. Daiwa Capital Markets upped their price objective on shares of Aptiv from $79.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Wall Street Zen upgraded shares of Aptiv from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 23rd. Finally, Robert W. Baird lifted their target price on shares of Aptiv from $97.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.42.

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.