Logan Capital Management Inc. Sells 5,421 Shares of Aptiv PLC $APTV

Logan Capital Management Inc. reduced its position in shares of Aptiv PLC (NYSE:APTV) by 68.6% in the second quarter, HoldingsChannel reports. The firm owned 2,480 shares of the auto parts company’s stock after selling 5,421 shares during the quarter. Logan Capital Management Inc.’s holdings in Aptiv were worth $169,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd increased its holdings in Aptiv by 7.5% in the 2nd quarter. AustralianSuper Pty Ltd now owns 2,117,862 shares of the auto parts company’s stock worth $144,481,000 after acquiring an additional 147,098 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Aptiv by 1.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 34,882 shares of the auto parts company’s stock worth $2,380,000 after acquiring an additional 522 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Aptiv by 398.4% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 86,200 shares of the auto parts company’s stock worth $5,881,000 after acquiring an additional 68,905 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Aptiv in the 2nd quarter worth approximately $452,000. Finally, 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 acquiring an additional 32,348 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on APTV shares. Royal Bank Of Canada increased their target price on shares of Aptiv from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Wolfe Research downgraded Aptiv from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 2nd. TD Cowen upped their price target on Aptiv from $94.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. UBS Group upped their price target on Aptiv from $75.00 to $94.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Finally, Wells Fargo & Company upped their price target on Aptiv from $103.00 to $106.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $93.35.

Aptiv Stock Up 0.7%

Shares of APTV opened at $86.72 on Wednesday. The stock has a market capitalization of $18.88 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 0.93 and a beta of 1.55. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $88.80. The business’s 50 day simple moving average is $83.05 and its 200-day simple moving average is $71.80. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.24.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 EPS. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. As a group, equities analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

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.