Assetmark Inc. Grows Position in Aptiv PLC $APTV

Assetmark Inc. grew its stake in Aptiv PLC (NYSE:APTV) by 16.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,811 shares of the auto parts company’s stock after buying an additional 805 shares during the period. Assetmark Inc.’s holdings in Aptiv were worth $396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Middleton & Co. Inc. MA raised its position in Aptiv by 63.1% during the first quarter. Middleton & Co. Inc. MA now owns 33,668 shares of the auto parts company’s stock valued at $2,003,000 after acquiring an additional 13,026 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Aptiv by 3.5% in the first quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company’s stock valued at $16,826,000 after buying an additional 9,552 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Aptiv by 89.5% in the first quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company’s stock valued at $1,333,000 after buying an additional 10,585 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Aptiv by 5.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 303,652 shares of the auto parts company’s stock worth $18,067,000 after purchasing an additional 15,849 shares during the period. Finally, Cerity Partners LLC boosted its position in Aptiv by 144.4% during the first quarter. Cerity Partners LLC now owns 31,841 shares of the auto parts company’s stock worth $1,895,000 after purchasing an additional 18,813 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Transactions at Aptiv

In other Aptiv news, CAO Allan J. Brazier sold 1,000 shares of Aptiv 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 transaction, the chief accounting officer directly owned 49,820 shares in the company, valued at approximately $4,234,700. The trade was a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on APTV. Robert W. Baird increased their price objective on shares of Aptiv from $97.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of Aptiv in a research note on Friday, October 31st. Morgan Stanley lifted their target price on shares of Aptiv from $55.00 to $60.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aptiv in a research note on Wednesday, October 8th. Finally, UBS Group boosted their price target on shares of Aptiv from $75.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average price target of $94.56.

Aptiv Trading Up 1.9%

NYSE APTV opened at $83.62 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.79 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average of $83.74 and a two-hundred day moving average of $73.43. The stock has a market capitalization of $18.07 billion, a PE ratio of 66.36, a price-to-earnings-growth ratio of 0.84 and a beta of 1.58. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $88.80.

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

Aptiv 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.