New York State Common Retirement Fund Sells 40,345 Shares of Aptiv PLC (NYSE:APTV)

New York State Common Retirement Fund trimmed its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 16.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 202,193 shares of the auto parts company's stock after selling 40,345 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Aptiv worth $14,560,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in APTV. Capital World Investors bought a new stake in shares of Aptiv during the 1st quarter valued at $343,760,000. EdgePoint Investment Group Inc. acquired a new stake in Aptiv during the first quarter worth about $335,426,000. Massachusetts Financial Services Co. MA increased its holdings in Aptiv by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company's stock valued at $905,681,000 after buying an additional 1,764,844 shares during the period. Ariel Investments LLC acquired a new position in shares of Aptiv in the 1st quarter valued at approximately $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Aptiv by 13.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company's stock worth $529,212,000 after acquiring an additional 905,431 shares during the period. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Performance

APTV traded down $1.41 during midday trading on Wednesday, reaching $53.83. The company had a trading volume of 6,858,133 shares, compared to its average volume of 3,081,248. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The business has a 50-day moving average price of $68.62 and a two-hundred day moving average price of $72.11. Aptiv PLC has a 12-month low of $52.81 and a 12-month high of $91.66. The stock has a market cap of $14.31 billion, a PE ratio of 6.01, a P/E/G ratio of 0.52 and a beta of 1.81.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analysts' expectations of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm's quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.30 EPS. On average, sell-side analysts expect that Aptiv PLC will post 6.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the stock. UBS Group lowered their price objective on shares of Aptiv from $107.00 to $99.00 and set a "buy" rating for the company in a research report on Wednesday, July 10th. Fox Advisors lowered shares of Aptiv from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, October 1st. The Goldman Sachs Group cut their price objective on Aptiv from $118.00 to $101.00 and set a "buy" rating on the stock in a report on Wednesday, July 10th. StockNews.com began coverage on Aptiv in a research report on Sunday. They set a "hold" rating for the company. Finally, Citigroup decreased their price target on Aptiv from $128.00 to $108.00 and set a "buy" rating for the company in a report on Friday, July 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Aptiv currently has an average rating of "Moderate Buy" and a consensus target price of $87.00.

About Aptiv

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.