Massachusetts Financial Services Co. MA Sells 1,881,995 Shares of Aptiv PLC $APTV

Massachusetts Financial Services Co. MA decreased its position in Aptiv PLC (NYSE:APTV) by 15.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,090,642 shares of the auto parts company’s stock after selling 1,881,995 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Aptiv were worth $870,015,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. True Wealth Design LLC increased its holdings in Aptiv by 31.5% during the 3rd quarter. True Wealth Design LLC now owns 522 shares of the auto parts company’s stock valued at $45,000 after purchasing an additional 125 shares during the period. Stephens Inc. AR grew its position in shares of Aptiv by 3.9% in the 2nd quarter. Stephens Inc. AR now owns 4,096 shares of the auto parts company’s stock worth $279,000 after buying an additional 155 shares during the last quarter. Unified Investment Management raised its holdings in Aptiv by 1.5% in the 3rd quarter. Unified Investment Management now owns 12,223 shares of the auto parts company’s stock worth $1,054,000 after purchasing an additional 178 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Aptiv by 18.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,148 shares of the auto parts company’s stock valued at $78,000 after purchasing an additional 179 shares in the last quarter. Finally, MAI Capital Management increased its position in shares of Aptiv by 6.5% during the second quarter. MAI Capital Management now owns 3,458 shares of the auto parts company’s stock valued at $236,000 after buying an additional 211 shares during the period. 94.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Aptiv

In other news, EVP Katherine H. Ramundo sold 5,000 shares of the company’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $85.00, for a total transaction of $425,000.00. Following the transaction, the executive vice president directly owned 116,959 shares of the company’s stock, valued at $9,941,515. This represents a 4.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.45% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wells Fargo & Company reduced their target price on Aptiv from $100.00 to $99.00 and set an “overweight” rating on the stock in a report on Tuesday, December 9th. Morgan Stanley set a $84.00 price objective on Aptiv and gave the stock an “equal weight” rating in a report on Monday, December 8th. Citigroup initiated coverage on shares of Aptiv in a report on Friday, October 10th. They set a “buy” rating and a $109.00 target price on the stock. US Capital Advisors set a $110.00 price target on shares of Aptiv in a research note on Tuesday. Finally, Fox Advisors raised 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 report on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and a consensus target price of $99.05.

Aptiv Stock Down 4.9%

Shares of Aptiv stock opened at $78.57 on Friday. The company has a 50-day simple moving average of $78.59 and a two-hundred day simple moving average of $78.28. The stock has a market capitalization of $16.98 billion, a PE ratio of 62.36, a price-to-earnings-growth ratio of 0.91 and a beta of 1.50. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $88.93. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.79.

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