QRG Capital Management Inc. Lowers Stock Position in Aptiv PLC $APTV

QRG Capital Management Inc. cut its holdings in shares of Aptiv PLC (NYSE:APTV) by 43.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,406 shares of the auto parts company’s stock after selling 8,728 shares during the period. QRG Capital Management Inc.’s holdings in Aptiv were worth $778,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of APTV. UMB Bank n.a. purchased a new position in shares of Aptiv during the first quarter worth approximately $48,000. Park Avenue Securities LLC purchased a new position in shares of Aptiv during the first quarter worth approximately $397,000. Farther Finance Advisors LLC grew its position in shares of Aptiv by 139.7% during the first quarter. Farther Finance Advisors LLC now owns 2,558 shares of the auto parts company’s stock worth $151,000 after acquiring an additional 1,491 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in shares of Aptiv during the first quarter worth approximately $202,000. Finally, Wealthcare Advisory Partners LLC purchased a new stake in Aptiv during the 1st quarter valued at approximately $298,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Allan J. Brazier sold 1,000 shares of Aptiv stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $85.00, for a total transaction of $85,000.00. Following the completion of the sale, the chief accounting officer owned 49,820 shares in the company, valued at approximately $4,234,700. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is owned by company insiders.

Aptiv Price Performance

Aptiv stock opened at $82.71 on Friday. Aptiv PLC has a one year low of $47.19 and a one year high of $88.80. 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 business has a fifty day moving average of $79.32 and a two-hundred day moving average of $69.13. The company has a market cap of $18.01 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 0.94 and a beta of 1.55.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company earned $1.58 earnings per share. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. As a group, analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on APTV shares. TD Cowen upped their price objective on Aptiv from $94.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday. Wall Street Zen upgraded shares of Aptiv from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Aptiv in a research report on Wednesday. Morgan Stanley lifted their price objective on shares of Aptiv from $55.00 to $60.00 and gave the company an “underweight” rating in a research report on Tuesday, August 12th. Finally, UBS Group lifted their price objective on shares of Aptiv from $75.00 to $94.00 and gave the company a “neutral” rating in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, twelve 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.19.

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.