Retirement Systems of Alabama lessened its position in Aptiv PLC (NYSE:APTV - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,888 shares of the auto parts company's stock after selling 7,634 shares during the period. Retirement Systems of Alabama's holdings in Aptiv were worth $3,078,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. lifted its position in shares of Aptiv by 1,410.3% in 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 during the period. Wolff Wiese Magana LLC lifted its position in shares of Aptiv by 44.3% in the 3rd 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 during the period. Capital Performance Advisors LLP purchased a new stake in shares of Aptiv in the 3rd quarter worth about $43,000. Brooklyn Investment Group purchased a new stake in shares of Aptiv in the 3rd quarter worth about $43,000. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of Aptiv by 100.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 702 shares of the auto parts company's stock worth $50,000 after purchasing an additional 351 shares during the period. Institutional investors own 94.21% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently commented on APTV. Evercore ISI dropped their target price on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Barclays lifted their price target 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. Morgan Stanley lowered their price target on shares of Aptiv from $68.00 to $60.00 and set an "underweight" rating for the company in a research report on Thursday, November 14th. Piper Sandler raised shares of Aptiv from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $53.00 to $65.00 in a research report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of 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. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Aptiv currently has an average rating of "Moderate Buy" and an average target price of $85.61.
Read Our Latest Analysis on APTV
Aptiv Stock Performance
Shares of APTV stock traded up $0.65 during trading hours on Friday, reaching $67.06. The company had a trading volume of 2,121,450 shares, compared to its average volume of 3,465,648. The business has a fifty day moving average price of $61.15 and a 200-day moving average price of $64.10. Aptiv PLC has a one year low of $51.47 and a one year high of $85.56. The firm has a market cap of $15.76 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.54 and a beta of 1.74. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.53.
Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Sell-side analysts predict that Aptiv PLC will post 7.14 earnings per share for the current fiscal year.
About Aptiv
(
Free Report)
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.
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