State Board of Administration of Florida Retirement System Sells 800 Shares of Aptiv PLC $APTV

State Board of Administration of Florida Retirement System cut its holdings in Aptiv PLC (NYSE:APTV) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 248,013 shares of the auto parts company’s stock after selling 800 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Aptiv were worth $16,919,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in APTV. Zions Bancorporation National Association UT bought a new stake in Aptiv in the first quarter worth approximately $26,000. True Wealth Design LLC boosted its holdings in shares of Aptiv by 83.8% during the 2nd quarter. True Wealth Design LLC now owns 397 shares of the auto parts company’s stock worth $27,000 after buying an additional 181 shares in the last quarter. 1248 Management LLC acquired a new stake in shares of Aptiv during the 1st quarter worth approximately $28,000. Geneos Wealth Management Inc. increased its stake in shares of Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 398 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Aptiv by 175.9% during the 2nd quarter. Allworth Financial LP now owns 560 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 357 shares during the period. Institutional investors own 94.21% of the company’s stock.

Insiders Place Their Bets

In other Aptiv news, CAO Allan J. Brazier sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

APTV has been the subject of a number of research reports. Barclays upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $85.00 to $105.00 in a report on Friday, September 12th. BNP Paribas Exane boosted their target price on Aptiv from $100.00 to $107.00 in a research report on Friday, November 21st. Daiwa Capital Markets increased their price target on Aptiv from $79.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Wells Fargo & Company decreased their price objective on Aptiv from $106.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Aptiv from $105.00 to $104.00 in a report on Friday, October 31st. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average target price of $95.42.

Aptiv Stock Up 0.9%

Shares of NYSE:APTV opened at $77.55 on Monday. The business’s 50 day moving average is $82.30 and its 200 day moving average is $75.53. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $88.80. The stock has a market cap of $16.76 billion, a price-to-earnings ratio of 61.55, a PEG ratio of 0.79 and a beta of 1.51. The company has a quick ratio of 1.26, a current ratio of 1.79 and a debt-to-equity ratio of 0.80.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 30th. The auto parts company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.36. Aptiv had a return on equity of 18.51% and a net margin of 1.46%.The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.05 billion. During the same period last year, the business earned $1.83 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Aptiv has set its FY 2025 guidance at 7.550-7.850 EPS. Q4 2025 guidance at 1.600-1.900 EPS. On average, sell-side analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

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.