California Public Employees Retirement System lowered its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 17.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 400,802 shares of the auto parts company's stock after selling 82,106 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Aptiv worth $24,241,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of APTV. Norges Bank bought a new stake in shares of Aptiv during the 4th quarter worth $106,492,000. Pictet Asset Management Holding SA lifted its position in Aptiv by 1,018.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock worth $102,262,000 after acquiring an additional 1,539,724 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company's stock valued at $336,861,000 after acquiring an additional 1,090,766 shares during the period. JPMorgan Chase & Co. grew its position in shares of Aptiv by 25.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock valued at $168,619,000 after purchasing an additional 552,066 shares during the last quarter. Finally, abrdn plc bought a new position in shares of Aptiv in the fourth quarter worth about $30,374,000. Institutional investors and hedge funds own 94.21% of the company's stock.
Insider Activity at Aptiv
In other 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 transaction, the senior vice president now directly owns 125,237 shares of the company's stock, valued at $8,203,023.50. This represents a 10.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on APTV. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price objective on the stock in a research note on Friday, February 7th. Evercore ISI decreased their price target on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Royal Bank of Canada upped their price objective on shares of Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Oppenheimer lifted 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. Finally, Barclays lifted their price objective on Aptiv from $75.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. One research 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.61.
Read Our Latest Stock Report on APTV
Aptiv Trading Down 0.0 %
Shares of Aptiv stock traded down $0.01 during trading on Tuesday, hitting $51.97. The company's stock had a trading volume of 657,286 shares, compared to its average volume of 3,584,090. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 52 week low of $50.10 and a 52 week high of $85.56. The stock has a 50-day moving average price of $63.30 and a two-hundred day moving average price of $62.46. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.
Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Equities research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.
Aptiv Company Profile
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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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