Neuberger Berman Group LLC Sells 76,543 Shares of Aptiv PLC $APTV

Neuberger Berman Group LLC lowered its holdings in shares of Aptiv PLC (NYSE:APTV) by 20.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 292,457 shares of the auto parts company’s stock after selling 76,543 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.13% of Aptiv worth $19,951,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. True Wealth Design LLC increased its position in Aptiv by 83.8% in the second 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 purchased a new stake in Aptiv in the 1st quarter worth approximately $28,000. Geneos Wealth Management Inc. lifted its holdings in Aptiv by 452.3% during the first 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 in the last quarter. Allworth Financial LP boosted its position in shares of 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 during the period. Finally, Cromwell Holdings LLC increased its stake in shares of Aptiv by 4,035.7% in the second quarter. Cromwell Holdings LLC now owns 579 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 565 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Aptiv Stock Down 1.5%

Shares of Aptiv stock opened at $78.69 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.79 and a quick ratio of 1.26. The stock has a market cap of $17.00 billion, a price-to-earnings ratio of 62.45, a PEG ratio of 0.81 and a beta of 1.51. The firm’s 50-day moving average is $80.57 and its two-hundred day moving average is $76.19. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $88.80.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 30th. The auto parts company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.36. The firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.83 EPS. 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 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on APTV. TD Cowen upped their target price on shares of Aptiv from $104.00 to $107.00 and gave the stock a “buy” rating in a report on Friday, October 31st. BNP Paribas Exane upped their price objective on Aptiv from $100.00 to $107.00 in a research note on Friday, November 21st. Zacks Research raised Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Citigroup assumed coverage on Aptiv in a report on Friday, October 10th. They issued a “buy” rating and a $109.00 price target on the stock. Finally, Barclays raised Aptiv from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $85.00 to $105.00 in a research note on Friday, September 12th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.63.

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.