Nordea Investment Management AB Has $291.13 Million Stock Position in Aptiv PLC $APTV

Nordea Investment Management AB raised its position in Aptiv PLC (NYSE:APTV) by 14,336.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,411,780 shares of the auto parts company’s stock after purchasing an additional 3,388,147 shares during the quarter. Nordea Investment Management AB’s holdings in Aptiv were worth $291,127,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of APTV. First Horizon Corp acquired a new stake in Aptiv during the third quarter valued at approximately $263,000. New York State Teachers Retirement System grew its holdings in shares of Aptiv by 9.5% in the 3rd quarter. New York State Teachers Retirement System now owns 215,586 shares of the auto parts company’s stock valued at $18,588,000 after buying an additional 18,767 shares during the period. Atlantic Edge Private Wealth Management LLC increased its stake in Aptiv by 21.7% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 31,552 shares of the auto parts company’s stock worth $2,720,000 after purchasing an additional 5,625 shares in the last quarter. Forum Financial Management LP raised its stake in shares of Aptiv by 89.3% in the 3rd quarter. Forum Financial Management LP now owns 6,559 shares of the auto parts company’s stock valued at $566,000 after purchasing an additional 3,094 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Aptiv by 32.6% during the third quarter. Oregon Public Employees Retirement Fund now owns 24,947 shares of the auto parts company’s stock worth $2,151,000 after purchasing an additional 6,130 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Stock Performance

Shares of NYSE:APTV opened at $86.83 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.79. The firm’s 50 day simple moving average is $78.55 and its 200-day simple moving average is $77.96. Aptiv PLC has a one year low of $47.19 and a one year high of $88.81. The firm has a market cap of $18.76 billion, a PE ratio of 68.91, a price-to-earnings-growth ratio of 1.03 and a beta of 1.50.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 30th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.36. The company 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 firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior 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, equities analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group lifted their target price on Aptiv from $75.00 to $94.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Aptiv in a research report on Monday, December 29th. Oppenheimer set a $94.00 price objective on Aptiv and gave the stock an “outperform” rating in a research note on Friday, October 31st. Robert W. Baird boosted their price objective on Aptiv from $97.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Finally, Evercore ISI raised their target price on Aptiv from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and an average target price of $97.47.

Insider Activity

In other Aptiv news, EVP Katherine H. Ramundo sold 5,000 shares of Aptiv stock in a transaction dated Thursday, January 8th. The shares were 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. The trade was a 4.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.

About Aptiv

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.