Treasurer of the State of North Carolina Cuts Stock Holdings in Aptiv PLC (NYSE:APTV)

Treasurer of the State of North Carolina reduced its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 10.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,268 shares of the auto parts company's stock after selling 13,030 shares during the quarter. Treasurer of the State of North Carolina's holdings in Aptiv were worth $6,609,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APTV. Picton Mahoney Asset Management bought a new stake in shares of Aptiv during the fourth quarter worth $37,000. CENTRAL TRUST Co raised its stake in Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock worth $52,000 after buying an additional 677 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of Aptiv by 163.1% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company's stock worth $110,000 after purchasing an additional 1,145 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Aptiv by 93.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company's stock valued at $115,000 after buying an additional 918 shares during the last quarter. Finally, Westpac Banking Corp boosted its stake in Aptiv by 21.9% in the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock valued at $115,000 after acquiring an additional 341 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APTV has been the topic of a number of research analyst reports. Barclays restated an "equal weight" rating and set a $55.00 price target (down previously from $80.00) on shares of Aptiv in a research note on Tuesday. TD Cowen initiated coverage on Aptiv in a report on Friday, March 7th. They issued a "buy" rating and a $90.00 price objective for the company. Hsbc Global Res upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Baird R W raised Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Finally, Argus raised shares of Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Aptiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.44.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. Company insiders own 0.45% of the company's stock.

Aptiv Trading Up 2.0 %

Aptiv stock traded up $1.04 during mid-day trading on Friday, hitting $51.75. The company's stock had a trading volume of 2,759,220 shares, compared to its average volume of 3,528,483. The stock's fifty day moving average is $60.95 and its two-hundred day moving average is $61.21. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $11.87 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $85.56.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, analysts anticipate that Aptiv PLC will post 7.2 EPS for the current 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.