Aptiv PLC $APTV Shares Sold by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. decreased its stake in shares of Aptiv PLC (NYSE:APTV) by 67.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,843 shares of the auto parts company’s stock after selling 22,346 shares during the period. Lecap Asset Management Ltd.’s holdings in Aptiv were worth $740,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. increased its holdings in shares of Aptiv by 54.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 491,664 shares of the auto parts company’s stock worth $33,541,000 after buying an additional 172,769 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in Aptiv during the second quarter worth about $523,000. PGGM Investments increased its stake in Aptiv by 108.3% during the second quarter. PGGM Investments now owns 363,521 shares of the auto parts company’s stock worth $24,799,000 after acquiring an additional 189,029 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Aptiv by 16.3% in the 2nd quarter. Truist Financial Corp now owns 34,897 shares of the auto parts company’s stock worth $2,381,000 after purchasing an additional 4,890 shares during the period. Finally, Chicago Capital LLC lifted its stake in shares of Aptiv by 15.3% in the 2nd quarter. Chicago Capital LLC now owns 4,401 shares of the auto parts company’s stock valued at $300,000 after purchasing an additional 585 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on APTV shares. Wells Fargo & Company raised their price target on shares of Aptiv from $103.00 to $106.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Barclays raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $85.00 to $105.00 in a research note on Friday, September 12th. Morgan Stanley upped their price target on shares of Aptiv from $55.00 to $60.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 12th. Wall Street Zen raised Aptiv from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 23rd. Finally, Wolfe Research downgraded Aptiv from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $86.63.

Aptiv Trading Up 0.2%

Shares of APTV opened at $87.28 on Friday. Aptiv PLC has a one year low of $47.19 and a one year high of $87.73. The stock has a 50-day moving average price of $77.64 and a 200 day moving average price of $68.35. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. The company has a market capitalization of $19.01 billion, a P/E ratio of 19.97, a P/E/G ratio of 0.97 and a beta of 1.55.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.Aptiv’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 EPS. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. Sell-side analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Aptiv news, CAO Allan J. Brazier sold 1,000 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $85.00, for a total transaction of $85,000.00. Following the transaction, the chief accounting officer directly owned 49,820 shares in the company, valued at $4,234,700. This represents a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.45% of the stock is owned by company insiders.

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.