Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stock Position in Aptiv PLC (NYSE:APTV)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,976 shares of the auto parts company's stock after selling 7,877 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Aptiv were worth $3,023,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Empowered Funds LLC raised its stake in Aptiv by 6.2% in the 3rd quarter. Empowered Funds LLC now owns 6,404 shares of the auto parts company's stock valued at $461,000 after acquiring an additional 375 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Aptiv by 18.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 9,917 shares of the auto parts company's stock valued at $714,000 after purchasing an additional 1,575 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock worth $32,000 after purchasing an additional 409 shares in the last quarter. Mirabella Financial Services LLP boosted its stake in Aptiv by 184.8% in the 3rd quarter. Mirabella Financial Services LLP now owns 37,650 shares of the auto parts company's stock worth $2,711,000 after purchasing an additional 24,432 shares during the period. Finally, Patton Albertson Miller Group LLC grew its holdings in Aptiv by 2.8% during the 3rd quarter. Patton Albertson Miller Group LLC now owns 51,501 shares of the auto parts company's stock valued at $3,709,000 after buying an additional 1,382 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Remove Ads

Aptiv Stock Up 0.9 %

Shares of APTV traded up $0.56 on Tuesday, hitting $64.47. 2,078,526 shares of the stock traded hands, compared to its average volume of 3,278,031. The company has a market capitalization of $14.79 billion, a PE ratio of 9.37, a P/E/G ratio of 0.62 and a beta of 1.78. Aptiv PLC has a one year low of $51.47 and a one year high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The business has a 50 day simple moving average of $63.88 and a 200 day simple moving average of $63.10.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, equities analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

APTV has been the subject of a number of analyst reports. Barclays raised their price objective on shares of Aptiv from $75.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Guggenheim reiterated a "buy" rating and issued a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Oppenheimer boosted their target price on Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price target for the company in a research report on Friday, February 7th. Finally, Baird R W raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $86.61.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares of the company's stock, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.45% of the company's stock.

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.