Voya Investment Management LLC Sells 1,488,431 Shares of Aptiv PLC $APTV

by · The Cerbat Gem

Voya Investment Management LLC lessened its holdings in shares of Aptiv PLC (NYSE:APTV – Free Report) by 96.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,009 shares of the auto parts company’s stock after selling 1,488,431 shares during the period. Voya Investment Management LLC’s holdings in Aptiv were worth $4,226,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Cresset Asset Management LLC acquired a new position in Aptiv in the 1st quarter valued at $201,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Aptiv by 256.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 39,883 shares of the auto parts company’s stock worth $2,373,000 after purchasing an additional 28,697 shares during the period. Gamco Investors INC. ET AL raised its stake in Aptiv by 1.7% in the first quarter. Gamco Investors INC. ET AL now owns 9,760 shares of the auto parts company’s stock valued at $581,000 after purchasing an additional 160 shares in the last quarter. Ieq Capital LLC lifted its position in Aptiv by 192.0% during the first quarter. Ieq Capital LLC now owns 39,576 shares of the auto parts company’s stock worth $2,355,000 after purchasing an additional 26,023 shares during the period. Finally, State of Wyoming acquired a new stake in Aptiv during the first quarter worth about $406,000. 94.21% of the stock is currently owned by institutional investors.

Aptiv Stock Up 0.5%

Shares of NYSE APTV opened at $76.77 on Friday. The company has a 50 day simple moving average of $79.40 and a 200 day simple moving average of $76.78. 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 PLC has a 1 year low of $47.19 and a 1 year high of $88.80. The firm has a market cap of $16.59 billion, a PE ratio of 60.93, a price-to-earnings-growth ratio of 0.97 and a beta of 1.51.

Aptiv (NYSE:APTV – Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $5.05 billion. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.83 EPS. Aptiv has set its FY 2025 guidance at 7.550-7.850 EPS and its Q4 2025 guidance at 1.600-1.900 EPS. On average, research analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Ratings Changes

APTV has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $101.00 price target on shares of Aptiv in a report on Wednesday, November 19th. Wells Fargo & Company reduced their target price on Aptiv from $100.00 to $99.00 and set an “overweight” rating on the stock in a report 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 note on Friday, October 31st. Argus upped their price objective on Aptiv from $78.00 to $99.00 in a research report on Monday, November 10th. Finally, BNP Paribas Exane lifted their target price on Aptiv from $100.00 to $107.00 in a research report on Friday, November 21st. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.63.

Get Our Latest Analysis on Aptiv

Aptiv Company Profile

(Free Report)

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.

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