Meritage Portfolio Management Takes $5.25 Million Position in Aptiv PLC $APTV

Meritage Portfolio Management purchased a new position in Aptiv PLC (NYSE:APTV) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 60,928 shares of the auto parts company’s stock, valued at approximately $5,253,000.

Several other large investors have also bought and sold shares of the company. True Wealth Design LLC grew 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 acquiring an additional 181 shares during the period. Geneos Wealth Management Inc. grew its stake in Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 398 shares during the period. Allworth Financial LP raised its holdings in Aptiv by 175.9% in the second quarter. Allworth Financial LP now owns 560 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 357 shares in the last quarter. Cromwell Holdings LLC lifted its position in Aptiv by 4,035.7% during the second quarter. Cromwell Holdings LLC now owns 579 shares of the auto parts company’s stock valued at $39,000 after buying an additional 565 shares during the period. Finally, MUFG Securities EMEA plc bought a new stake in shares of Aptiv during the 2nd quarter valued at $44,000. 94.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Fox Advisors upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $110.00 price target for the company in a research note on Tuesday. Wall Street Zen raised shares of Aptiv from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Aptiv in a report on Monday, December 29th. Robert W. Baird upped their price target on Aptiv from $97.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Finally, Cowen reaffirmed a “buy” rating on shares of Aptiv in a research report on Friday, October 31st. Four analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.90.

Insiders Place Their Bets

In other Aptiv news, EVP Katherine H. Ramundo sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $85.00, for a total value of $425,000.00. Following the completion of the transaction, the executive vice president owned 116,959 shares of the company’s stock, valued at approximately $9,941,515. The trade was a 4.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.45% of the company’s stock.

Aptiv Price Performance

Shares of NYSE APTV opened at $83.00 on Thursday. The firm has a market cap of $17.93 billion, a P/E ratio of 65.87, a PEG ratio of 1.02 and a beta of 1.50. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $88.93. The company has a quick ratio of 1.26, a current ratio of 1.79 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average of $78.69 and a 200 day moving average of $78.13.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, October 30th. The auto parts company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter last year, the company earned $1.83 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. 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, research analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Aptiv 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.