Aptiv PLC $APTV Stock Holdings Decreased by Reynders McVeigh Capital Management LLC

by · The Markets Daily

Reynders McVeigh Capital Management LLC lessened its stake in Aptiv PLC (NYSE:APTV – Free Report) by 91.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,000 shares of the auto parts company’s stock after selling 68,063 shares during the quarter. Reynders McVeigh Capital Management LLC’s holdings in Aptiv were worth $409,000 as of its most recent filing with the SEC.

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

Insider Activity at Aptiv

In other news, CAO Allan J. Brazier sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 49,820 shares of the company’s stock, valued at approximately $4,234,700. This represents a 1.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of Aptiv from $104.00 to $107.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Wells Fargo & Company dropped their price target on Aptiv from $100.00 to $99.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. UBS Group boosted their price objective on Aptiv from $75.00 to $94.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Piper Sandler upped their price objective on Aptiv from $72.00 to $87.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Aptiv in a research note on Monday, December 8th. Four research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.63.

Read Our Latest Stock Analysis on Aptiv

Aptiv Stock Down 1.9%

Shares of Aptiv stock opened at $77.31 on Tuesday. 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 business’s fifty day moving average price is $80.36 and its two-hundred day moving average price is $76.31. The company has a market capitalization of $16.71 billion, a P/E ratio of 61.36, a PEG ratio of 0.81 and a beta of 1.51.

Aptiv (NYSE:APTV – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.36. Aptiv had a return on equity of 18.51% and a net margin of 1.46%.The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter in the prior year, the business posted $1.83 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. 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 EPS for the current year.

About Aptiv

(Free Report)

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.

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