Figure 8 Investment Strategies LLC Sells 1,715 Shares of Aptiv PLC $APTV

Figure 8 Investment Strategies LLC reduced its stake in shares of Aptiv PLC (NYSE:APTV) by 7.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 20,318 shares of the auto parts company’s stock after selling 1,715 shares during the period. Aptiv makes up 1.4% of Figure 8 Investment Strategies LLC’s investment portfolio, making the stock its 29th biggest position. Figure 8 Investment Strategies LLC’s holdings in Aptiv were worth $1,386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Zions Bancorporation National Association UT bought a new position in Aptiv in the first quarter valued at about $26,000. 1248 Management LLC acquired a new stake in shares of Aptiv in the 1st quarter valued at approximately $28,000. Geneos Wealth Management Inc. grew its holdings in shares of Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 398 shares during the last quarter. Mather Group LLC. increased its position in Aptiv by 155.2% during the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 385 shares in the last quarter. Finally, Eastern Bank bought a new position in Aptiv in the 1st quarter valued at approximately $39,000. Institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Bank of America upped their price target on shares of Aptiv from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Wells Fargo & Company boosted their price objective on Aptiv from $103.00 to $106.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. Robert W. Baird increased their target price on Aptiv from $84.00 to $97.00 and gave the company an “outperform” rating in a research report on Wednesday, September 3rd. Oppenheimer lifted their price target on Aptiv from $88.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aptiv in a research note on Saturday, September 27th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $86.63.

Aptiv Trading Up 0.7%

NYSE APTV opened at $88.00 on Friday. The firm has a market capitalization of $19.16 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 0.97 and a beta of 1.55. The business’s 50-day moving average price is $77.99 and its two-hundred day moving average price is $68.52. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $88.24.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same period last year, the company earned $1.58 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. On average, analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Insider Activity

In other news, CAO Allan J. Brazier sold 1,000 shares of the company’s 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 sale, the chief accounting officer directly owned 49,820 shares of the company’s stock, valued at approximately $4,234,700. This represents a 1.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.45% of the company’s stock.

Aptiv Company 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.