Aptiv PLC $APTV Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC trimmed its holdings in shares of Aptiv PLC (NYSE:APTV) by 20.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,457 shares of the auto parts company’s stock after selling 76,543 shares during the quarter. Neuberger Berman Group LLC’s holdings in Aptiv were worth $19,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Aptiv in the second quarter valued at about $187,652,000. Envestnet Asset Management Inc. increased its holdings in Aptiv by 10.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 336,000 shares of the auto parts company’s stock worth $22,922,000 after buying an additional 32,348 shares during the period. Traub Capital Management LLC purchased a new position in Aptiv during the 2nd quarter worth approximately $264,000. Pallas Capital Advisors LLC boosted its holdings in shares of Aptiv by 337.3% in the 2nd quarter. Pallas Capital Advisors LLC now owns 14,883 shares of the auto parts company’s stock valued at $1,015,000 after acquiring an additional 11,480 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in shares of Aptiv by 1,859.4% in the second quarter. Los Angeles Capital Management LLC now owns 144,782 shares of the auto parts company’s stock worth $9,877,000 after acquiring an additional 137,393 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Aptiv

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

Aptiv Stock Performance

NYSE:APTV opened at $78.69 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 fifty day moving average of $80.57 and a two-hundred day moving average of $76.19. The stock has a market capitalization of $17.00 billion, a PE ratio of 62.45, a P/E/G ratio of 0.81 and a beta of 1.51. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $88.80.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 30th. The auto parts company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.36. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter in the previous year, the company earned $1.83 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Aptiv has set its FY 2025 guidance at 7.550-7.850 EPS and its Q4 2025 guidance at 1.600-1.900 EPS. As a group, research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

APTV has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $101.00 price target on shares of Aptiv in a research report on Wednesday, November 19th. Zacks Research upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Piper Sandler lifted their price target on Aptiv from $72.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. BNP Paribas Exane upped their price objective on Aptiv from $100.00 to $107.00 in a research report on Friday, November 21st. Finally, Argus raised their price objective on shares of Aptiv from $78.00 to $99.00 in a research note on Monday, November 10th. Four research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.63.

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.