206,820 Shares in Aptiv PLC (NYSE:APTV) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 206,820 shares of the auto parts company's stock, valued at approximately $14,893,000. Public Employees Retirement System of Ohio owned 0.09% of Aptiv as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Independence Bank of Kentucky purchased a new position in shares of Aptiv in the 2nd quarter worth about $25,000. Crewe Advisors LLC lifted its position in Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company's stock valued at $31,000 after buying an additional 215 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock worth $32,000 after buying an additional 409 shares during the period. Wolff Wiese Magana LLC increased its position in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock worth $36,000 after acquiring an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Aptiv in the 2nd quarter valued at $38,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays decreased their target price on Aptiv from $100.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. upped their price target on Aptiv from $107.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Nomura Securities upgraded shares of Aptiv from a "strong sell" rating to a "hold" rating in a research note on Monday, August 19th. Bank of America decreased their target price on shares of Aptiv from $105.00 to $102.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Finally, Oppenheimer dropped their price target on shares of Aptiv from $147.00 to $83.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $85.29.

Aptiv Stock Performance

Shares of APTV stock traded up $0.49 on Wednesday, hitting $58.91. 4,001,902 shares of the stock traded hands, compared to its average volume of 3,168,955. The company has a market capitalization of $13.85 billion, a PE ratio of 6.56, a PEG ratio of 0.57 and a beta of 1.78. The company's fifty day moving average is $61.57 and its 200 day moving average is $68.15. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. 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 quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $1.30 EPS. On average, equities research analysts predict that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

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.