Atlantic Investment Management Inc. Sells 323,000 Shares of Aptiv PLC $APTV

Atlantic Investment Management Inc. lessened its stake in Aptiv PLC (NYSE:APTV) by 47.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 350,971 shares of the auto parts company’s stock after selling 323,000 shares during the quarter. Aptiv comprises 12.2% of Atlantic Investment Management Inc.’s investment portfolio, making the stock its 3rd biggest position. Atlantic Investment Management Inc. owned 0.16% of Aptiv worth $23,943,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC bought a new stake in shares of Aptiv during the 1st quarter worth approximately $47,825,000. Public Sector Pension Investment Board raised its position in Aptiv by 20.6% during the first quarter. Public Sector Pension Investment Board now owns 30,538 shares of the auto parts company’s stock valued at $1,817,000 after purchasing an additional 5,222 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in Aptiv by 2.9% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,443 shares of the auto parts company’s stock worth $502,000 after purchasing an additional 235 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Aptiv in the 1st quarter valued at $209,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Aptiv in the 1st quarter valued at $1,048,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

APTV stock opened at $78.69 on Friday. The company has a market capitalization of $17.00 billion, a P/E ratio of 62.45, a PEG ratio of 0.82 and a beta of 1.51. The company has a fifty day moving average price of $80.57 and a 200-day moving average price of $76.13. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.79. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $88.80.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 30th. The auto parts company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.36. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.05 billion. Aptiv had a return on equity of 18.51% and a net margin of 1.46%.Aptiv’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.83 earnings per share. 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, equities analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Insider Activity at Aptiv

In related news, CAO Allan J. Brazier sold 1,000 shares of Aptiv stock in a transaction that occurred on Thursday, September 18th. The stock was 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 of the company’s stock, valued at $4,234,700. The trade was a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

APTV has been the subject of several recent analyst reports. Zacks Research upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Bank of America increased 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. Morgan Stanley set a $84.00 price target on shares of Aptiv and gave the company an “equal weight” rating in a report on Monday. Cowen reiterated a “buy” rating on shares of Aptiv in a research report on Friday, October 31st. Finally, Piper Sandler raised their target price on shares of Aptiv from $72.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.63.

About Aptiv

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.