Public Sector Pension Investment Board Decreases Position in Aptiv PLC (NYSE:APTV)

Public Sector Pension Investment Board decreased its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 97.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,763 shares of the auto parts company's stock after selling 512,740 shares during the period. Public Sector Pension Investment Board's holdings in Aptiv were worth $775,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of APTV. Independence Bank of Kentucky bought a new stake in shares of Aptiv in the 2nd quarter valued at about $25,000. Crewe Advisors LLC boosted its stake in Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company's stock valued at $31,000 after acquiring an additional 215 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in Aptiv by 1,410.3% in the third 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 during the last quarter. Wolff Wiese Magana LLC increased its position in shares of Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock worth $36,000 after purchasing an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Aptiv during the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on APTV. TD Cowen cut their price objective on shares of Aptiv from $95.00 to $74.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Aptiv from $76.00 to $66.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Wells Fargo & Company upgraded shares of Aptiv from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $78.00 to $87.00 in a research note on Friday, September 20th. Nomura Securities raised shares of Aptiv from a "strong sell" rating to a "hold" rating in a report on Monday, August 19th. Finally, Royal Bank of Canada reduced their target price on Aptiv from $82.00 to $72.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $85.29.

Aptiv Stock Performance

NYSE APTV traded down $0.24 during mid-day trading on Friday, reaching $56.67. 3,610,763 shares of the stock were exchanged, compared to its average volume of 3,787,569. The company has a market capitalization of $13.32 billion, a P/E ratio of 6.32, a P/E/G ratio of 0.57 and a beta of 1.78. 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's 50 day moving average is $62.11 and its 200-day moving average is $68.58. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $91.66.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company's revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 EPS. On average, equities research analysts forecast that Aptiv PLC will post 6.15 EPS for the current fiscal year.

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.