Utah Retirement Systems Trims Holdings in Aptiv PLC (NYSE:APTV)

Utah Retirement Systems lowered its stake in Aptiv PLC (NYSE:APTV - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 38,905 shares of the auto parts company's stock after selling 6,000 shares during the period. Utah Retirement Systems' holdings in Aptiv were worth $2,353,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Aptiv in the fourth quarter worth approximately $106,492,000. Pictet Asset Management Holding SA lifted its position in shares of Aptiv by 1,018.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock valued at $102,262,000 after purchasing an additional 1,539,724 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Aptiv by 11.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock valued at $864,206,000 after purchasing an additional 1,517,104 shares during the last quarter. Franklin Resources Inc. grew its holdings in Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock valued at $371,767,000 after purchasing an additional 1,408,433 shares during the period. Finally, Paloma Partners Management Co boosted its position in Aptiv by 968.7% during the fourth quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock worth $55,007,000 after purchasing an additional 824,400 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares of the company's stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.45% of the stock is currently owned by insiders.

Aptiv Stock Up 1.4 %

Aptiv stock traded up $0.81 during trading hours on Wednesday, reaching $59.00. The stock had a trading volume of 2,423,993 shares, compared to its average volume of 3,485,605. The business's 50 day moving average price is $58.16 and its 200-day moving average price is $59.81. 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 PLC has a 52 week low of $47.19 and a 52 week high of $85.56. The company has a market cap of $12.85 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 0.62 and a beta of 1.44.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The company's revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 earnings per share. Sell-side analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on APTV. Guggenheim dropped their price target on Aptiv from $75.00 to $64.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. UBS Group lifted their price objective on Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. HSBC upgraded Aptiv from a "hold" rating to a "buy" rating and raised their price target for the company from $63.00 to $77.00 in a report on Tuesday, February 4th. Argus upgraded shares of Aptiv to a "strong-buy" rating in a research note on Tuesday, February 11th. Finally, Raymond James reaffirmed a "market perform" rating on shares of Aptiv in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $82.06.

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.