New York State Teachers Retirement System Lowers Stock Position in Aptiv PLC (NYSE:APTV)

New York State Teachers Retirement System lowered its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 209,813 shares of the auto parts company's stock after selling 49,385 shares during the period. New York State Teachers Retirement System owned 0.09% of Aptiv worth $12,689,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in APTV. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Aptiv by 2.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,414 shares of the auto parts company's stock valued at $3,270,000 after buying an additional 918 shares during the period. Blue Trust Inc. increased its holdings in Aptiv by 713.9% during the 3rd quarter. Blue Trust Inc. now owns 2,108 shares of the auto parts company's stock worth $148,000 after acquiring an additional 1,849 shares during the period. Signaturefd LLC grew its position in shares of Aptiv by 15.5% during the 3rd quarter. Signaturefd LLC now owns 3,098 shares of the auto parts company's stock valued at $223,000 after purchasing an additional 416 shares in the last quarter. Eastern Bank bought a new stake in Aptiv during the third quarter valued at $1,586,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Aptiv in the 3rd quarter valued at about $11,250,000. 94.21% of the stock is owned by institutional investors.

Aptiv Trading Down 1.4 %

Shares of NYSE:APTV traded down $0.97 during midday trading on Friday, hitting $66.65. 3,237,276 shares of the stock traded hands, compared to its average volume of 3,250,520. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $15.29 billion, a PE ratio of 9.69, a P/E/G ratio of 0.62 and a beta of 1.74. Aptiv PLC has a one year low of $51.47 and a one year high of $85.56. The business's 50 day moving average is $61.85 and its two-hundred day moving average is $64.02.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results 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, research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on APTV shares. Wells Fargo & Company lifted their target price on shares of Aptiv from $76.00 to $86.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Oppenheimer raised their price target on Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. UBS Group upped their price objective on Aptiv from $82.00 to $91.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Evercore ISI decreased their price objective on Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Finally, Guggenheim restated a "buy" rating and issued a $73.00 target price on shares of Aptiv in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Aptiv has a consensus rating of "Moderate Buy" and a consensus target price of $85.61.

Aptiv Company 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.