Pacer Advisors Inc. Sells 408,981 Shares of Aptiv PLC $APTV

Pacer Advisors Inc. reduced its stake in shares of Aptiv PLC (NYSE:APTV) by 22.1% during the third quarter, Holdings Channel reports. The institutional investor owned 1,445,027 shares of the auto parts company’s stock after selling 408,981 shares during the period. Pacer Advisors Inc.’s holdings in Aptiv were worth $124,590,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cresset Asset Management LLC purchased a new position in Aptiv during the first quarter valued at approximately $201,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Aptiv by 256.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 39,883 shares of the auto parts company’s stock valued at $2,373,000 after purchasing an additional 28,697 shares during the period. Gamco Investors INC. ET AL lifted its stake in shares of Aptiv by 1.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 9,760 shares of the auto parts company’s stock valued at $581,000 after buying an additional 160 shares in the last quarter. Ieq Capital LLC boosted its holdings in Aptiv by 192.0% in the 1st quarter. Ieq Capital LLC now owns 39,576 shares of the auto parts company’s stock worth $2,355,000 after buying an additional 26,023 shares during the period. Finally, State of Wyoming purchased a new stake in Aptiv in the 1st quarter worth $406,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on APTV. JPMorgan Chase & Co. raised their price target on Aptiv from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Morgan Stanley set a $84.00 target price on Aptiv and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Zacks Research raised Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Wall Street Zen downgraded Aptiv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, Daiwa Capital Markets lifted their price objective on shares of Aptiv from $79.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Four analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.63.

Aptiv Price Performance

Shares of Aptiv stock opened at $76.77 on Friday. The firm has a market cap of $16.59 billion, a PE ratio of 60.93, a PEG ratio of 0.97 and a beta of 1.51. The stock has a 50 day moving average of $79.40 and a 200 day moving average of $76.78. The company has a current ratio of 1.79, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $88.80.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 30th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.36. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.05 billion. Aptiv had a return on equity of 18.51% and a net margin of 1.46%.The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. On average, research analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Aptiv Company 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.