Thrivent Financial for Lutherans Reduces Holdings in Aptiv PLC $APTV

Thrivent Financial for Lutherans reduced its stake in shares of Aptiv PLC (NYSE:APTV) by 0.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 758,792 shares of the auto parts company’s stock after selling 6,809 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Aptiv were worth $51,765,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Boston Partners acquired a new position in shares of Aptiv in the second quarter worth $220,911,000. Norges Bank acquired a new position in Aptiv in the 2nd quarter valued at about $187,652,000. Balyasny Asset Management L.P. lifted its holdings in Aptiv by 6,711.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,434,076 shares of the auto parts company’s stock valued at $97,833,000 after purchasing an additional 1,413,022 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Aptiv by 53.6% during the 1st quarter. Alliancebernstein L.P. now owns 3,515,617 shares of the auto parts company’s stock worth $209,179,000 after purchasing an additional 1,227,020 shares during the last quarter. Finally, Ariel Investments LLC boosted its stake in shares of Aptiv by 80.2% during the 2nd quarter. Ariel Investments LLC now owns 1,386,513 shares of the auto parts company’s stock worth $94,588,000 after purchasing an additional 617,115 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of Aptiv from $104.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Zacks Research upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $101.00 price objective on shares of Aptiv in a research report on Wednesday, November 19th. Wall Street Zen upgraded Aptiv from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 23rd. Finally, BNP Paribas Exane lifted their price target on Aptiv from $100.00 to $107.00 in a report on Friday, November 21st. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $96.63.

Insider Activity

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

Aptiv Stock Performance

Shares of NYSE:APTV opened at $78.69 on Monday. The business has a 50-day moving average of $80.57 and a two-hundred day moving average of $76.25. The firm has a market capitalization of $17.00 billion, a PE ratio of 62.45, a P/E/G ratio of 0.81 and a beta of 1.51. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.79 and a quick ratio of 1.26. 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 for the quarter, beating the consensus estimate of $1.81 by $0.36. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates 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 period 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. As a group, research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Aptiv 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.