State of Alaska Department of Revenue Reduces Stake in Aptiv PLC (NYSE:APTV)

State of Alaska Department of Revenue decreased its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,799 shares of the auto parts company's stock after selling 4,085 shares during the period. State of Alaska Department of Revenue's holdings in Aptiv were worth $1,620,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Brown Brothers Harriman & Co. lifted its position in shares of Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock valued at $32,000 after buying an additional 409 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in shares of Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock valued at $36,000 after purchasing an additional 155 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Aptiv during the 3rd quarter valued at $43,000. Brooklyn Investment Group bought a new stake in shares of Aptiv during the 3rd quarter valued at $43,000. Finally, Hazlett Burt & Watson Inc. raised its stake in shares of Aptiv by 100.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 702 shares of the auto parts company's stock valued at $50,000 after purchasing an additional 351 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Stock Up 1.0 %

Shares of NYSE:APTV traded up $0.65 during trading on Friday, hitting $67.06. The stock had a trading volume of 2,121,450 shares, compared to its average volume of 3,465,648. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $85.56. The company has a market capitalization of $15.76 billion, a PE ratio of 9.75, a PEG ratio of 0.54 and a beta of 1.74. The firm's fifty day moving average is $61.15 and its 200 day moving average is $64.10. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Analysts anticipate that Aptiv PLC will post 7.14 EPS for the current fiscal year.

Analysts Set New Price Targets

APTV has been the topic of a number of research analyst reports. StockNews.com initiated coverage on Aptiv in a research note on Saturday. They issued a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a "hold" rating to a "buy" rating and set a $78.00 target price on the stock in a research note on Friday, February 7th. Robert W. Baird upgraded Aptiv from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $75.00 to $82.00 in a research note on Monday, January 27th. Guggenheim restated a "buy" rating and issued a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. Finally, Baird R W upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $85.61.

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.