Wellington Management Group LLP Buys 301,143 Shares of Aptiv PLC $APTV

Wellington Management Group LLP raised its stake in Aptiv PLC (NYSE:APTV) by 105.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 587,168 shares of the auto parts company’s stock after buying an additional 301,143 shares during the period. Wellington Management Group LLP’s holdings in Aptiv were worth $36,040,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of APTV. Norges Bank purchased a new position in Aptiv during the 4th quarter worth $634,961,000. Balyasny Asset Management L.P. increased its stake in shares of Aptiv by 6,711.4% during the second 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 buying an additional 1,413,022 shares during the period. Man Group plc lifted its stake in Aptiv by 155.8% in the third quarter. Man Group plc now owns 2,045,025 shares of the auto parts company’s stock worth $176,322,000 after acquiring an additional 1,245,533 shares during the period. Bank of New York Mellon Corp purchased a new position in Aptiv during the 2nd quarter valued at about $61,065,000. Finally, Boston Partners raised its holdings in shares of Aptiv by 29.2% in the 3rd quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock valued at $361,385,000 after purchasing an additional 948,327 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Up 3.0%

Shares of APTV stock opened at $47.94 on Friday. Aptiv PLC has a fifty-two week low of $44.52 and a fifty-two week high of $88.93. The firm has a market capitalization of $9.95 billion, a PE ratio of 45.23, a P/E/G ratio of 0.90 and a beta of 1.45. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.33 and a current ratio of 2.02. The stock’s 50-day simple moving average is $53.27 and its 200-day simple moving average is $61.18.

Aptiv (NYSE:APTV) last released its earnings results on Tuesday, August 4th. The auto parts company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.21. Aptiv had a return on equity of 17.10% and a net margin of 1.17%.The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the previous year, the company posted $2.12 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. Aptiv has set its FY 2026 guidance at 5.600-5.800 EPS and its Q3 2026 guidance at 1.250-1.350 EPS. Equities analysts expect that Aptiv PLC will post 5.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

APTV has been the subject of a number of recent research reports. Zacks Research downgraded shares of Aptiv from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. cut their target price on Aptiv from $84.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, July 10th. Barclays cut their price objective on shares of Aptiv from $73.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft lowered Aptiv from a “buy” rating to a “hold” rating and set a $56.00 price objective for the company. in a report on Wednesday, August 5th. Finally, Weiss Ratings lowered Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Nineteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $76.50.

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.