Prudential Financial Inc. Grows Holdings in Aptiv PLC $APTV

Prudential Financial Inc. lifted its stake in Aptiv PLC (NYSE:APTV) by 335.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 143,053 shares of the auto parts company’s stock after acquiring an additional 110,197 shares during the quarter. Prudential Financial Inc. owned 0.07% of Aptiv worth $9,759,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in APTV. Goldman Sachs Group Inc. lifted its stake in Aptiv by 242.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company’s stock worth $509,366,000 after purchasing an additional 6,062,438 shares in the last quarter. Boston Partners acquired a new position in Aptiv during the 2nd quarter worth about $220,441,000. Alliancebernstein L.P. boosted its holdings in Aptiv by 53.6% during the 1st quarter. Alliancebernstein L.P. now owns 3,515,617 shares of the auto parts company’s stock valued at $209,179,000 after acquiring an additional 1,227,020 shares during the period. Nuveen LLC acquired a new position in Aptiv in the 1st quarter valued at about $47,825,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Aptiv by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,934,199 shares of the auto parts company’s stock worth $353,085,000 after purchasing an additional 570,930 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Buying and Selling at Aptiv

In other news, CAO Allan J. Brazier sold 1,000 shares of the company’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 in the company, valued at approximately $4,234,700. This represents a 1.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

APTV has been the subject of a number of research reports. Evercore ISI lifted their price objective on shares of Aptiv from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Aptiv from $105.00 to $104.00 in a research note on Friday, October 31st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $101.00 price objective on shares of Aptiv in a research note on Wednesday, November 19th. Wall Street Zen raised Aptiv from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 23rd. Finally, Morgan Stanley increased their price target on Aptiv from $55.00 to $60.00 and gave the company an “underweight” rating in a research report on Tuesday, August 12th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.42.

Aptiv Stock Up 0.9%

Shares of NYSE APTV opened at $77.55 on Friday. The business has a 50-day moving average of $82.30 and a two-hundred day moving average of $75.44. The company has a market capitalization of $16.76 billion, a price-to-earnings ratio of 61.55, a price-to-earnings-growth ratio of 0.79 and a beta of 1.58. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $88.80. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.79 and a quick ratio of 1.26.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 30th. The auto parts company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.36. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.05 billion. Aptiv had a return on equity of 18.51% and a net margin of 1.46%.The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last 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, analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Aptiv Company 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.