Allstate Corp Acquires New Holdings in Aptiv PLC $APTV

Allstate Corp purchased a new position in shares of Aptiv PLC (NYSE:APTV) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,163 shares of the auto parts company’s stock, valued at approximately $704,000.

Other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Aptiv in the second quarter valued at approximately $187,652,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Aptiv by 1,259.2% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 135,359 shares of the auto parts company’s stock valued at $11,671,000 after acquiring an additional 125,400 shares during the last quarter. Hudson Bay Capital Management LP increased its position in Aptiv by 73.8% during the 2nd quarter. Hudson Bay Capital Management LP now owns 61,009 shares of the auto parts company’s stock worth $4,162,000 after purchasing an additional 25,909 shares in the last quarter. BDF Gestion lifted its stake in shares of Aptiv by 205.8% in the 3rd quarter. BDF Gestion now owns 26,746 shares of the auto parts company’s stock valued at $2,306,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in Aptiv by 14,336.5% in the third quarter. Nordea Investment Management AB now owns 3,411,780 shares of the auto parts company’s stock valued at $291,127,000 after purchasing an additional 3,388,147 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Stock Down 3.5%

Aptiv stock opened at $77.49 on Friday. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $88.93. The firm has a market capitalization of $16.74 billion, a price-to-earnings ratio of 61.50, a price-to-earnings-growth ratio of 0.93 and a beta of 1.50. The firm’s fifty day moving average price is $78.30 and its two-hundred day moving average price is $78.41. The company has a current ratio of 1.79, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80.

Aptiv (NYSE:APTV) last announced 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. 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 revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, equities research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Aptiv news, EVP Katherine H. Ramundo sold 5,000 shares of Aptiv stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $85.00, for a total transaction of $425,000.00. Following the transaction, the executive vice president owned 116,959 shares of the company’s stock, valued at $9,941,515. This trade represents a 4.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

APTV has been the topic of several recent research reports. Wells Fargo & Company cut 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. Robert W. Baird lifted their target price on shares of Aptiv from $97.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Daiwa Capital Markets boosted their price objective on Aptiv from $79.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. UBS Group raised their target price on Aptiv from $94.00 to $99.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Finally, Fox Advisors upgraded Aptiv from an “equal weight” rating to an “overweight” rating and set a $110.00 target price for the company in a report on Tuesday, January 13th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $99.48.

Aptiv Company Profile

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.