Ariel Investments LLC Purchases 617,115 Shares of Aptiv PLC $APTV

Ariel Investments LLC grew its position in Aptiv PLC (NYSE:APTV) by 80.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,386,513 shares of the auto parts company’s stock after purchasing an additional 617,115 shares during the quarter. Ariel Investments LLC owned approximately 0.64% of Aptiv worth $94,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Albar Capital Partners LLP purchased a new position in shares of Aptiv during the 2nd quarter valued at $4,037,000. BCS Private Wealth Management Inc. bought a new stake in Aptiv during the second quarter valued at about $286,000. AXA S.A. lifted its position in shares of Aptiv by 25.9% in the second quarter. AXA S.A. now owns 11,461 shares of the auto parts company’s stock valued at $782,000 after acquiring an additional 2,357 shares in the last quarter. State Street Corp boosted its stake in shares of Aptiv by 1.2% in the second quarter. State Street Corp now owns 9,754,226 shares of the auto parts company’s stock worth $665,433,000 after acquiring an additional 111,506 shares during the period. Finally, Thematics Asset Management purchased a new stake in shares of Aptiv during the second quarter worth about $11,370,000. 94.21% of the stock is currently owned by institutional investors.

Aptiv Trading Down 0.9%

Shares of APTV stock opened at $76.35 on Wednesday. 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. The stock’s 50 day simple moving average is $81.08 and its two-hundred day simple moving average is $76.00. The company has a market cap of $16.50 billion, a PE ratio of 60.60, a price-to-earnings-growth ratio of 0.79 and a beta of 1.51.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 30th. The auto parts company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 18.51% and a net margin of 1.46%.The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. Research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on APTV shares. Barclays raised Aptiv from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $85.00 to $105.00 in a report on Friday, September 12th. Bank of America boosted their target price on shares of Aptiv from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $101.00 target price on shares of Aptiv in a research note on Wednesday, November 19th. JPMorgan Chase & Co. lifted their price target on shares of Aptiv from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Wells Fargo & Company dropped their price objective on shares of Aptiv from $100.00 to $99.00 and set an “overweight” rating for the company in a report on Tuesday. Three 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.63.

Insider Activity

In related news, CAO Allan J. Brazier sold 1,000 shares of Aptiv stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $85.00, for a total transaction of $85,000.00. Following the completion of the transaction, the chief accounting officer directly owned 49,820 shares of the company’s stock, valued at approximately $4,234,700. The trade was a 1.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.45% of the company’s stock.

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.