Teacher Retirement System of Texas Purchases New Position in Aptiv PLC (NYSE:APTV)

Teacher Retirement System of Texas purchased a new stake in Aptiv PLC (NYSE:APTV - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 34,360 shares of the auto parts company's stock, valued at approximately $2,044,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Covestor Ltd boosted its stake in Aptiv by 11.4% in the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after purchasing an additional 186 shares in the last quarter. Horizon Investments LLC increased its holdings in Aptiv by 6.1% in the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock valued at $231,000 after purchasing an additional 219 shares during the last quarter. OLD Second National Bank of Aurora increased its holdings in shares of Aptiv by 1.0% in the first quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company's stock worth $1,461,000 after acquiring an additional 239 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Aptiv by 0.5% in the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock worth $3,128,000 after acquiring an additional 248 shares in the last quarter. Finally, Westpac Banking Corp increased its holdings in shares of Aptiv by 21.9% in the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock worth $115,000 after acquiring an additional 341 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on APTV. Morgan Stanley lowered their price target on Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a report on Monday, May 19th. Robert W. Baird upped their price objective on Aptiv from $80.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday. UBS Group upped their price objective on Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Wells Fargo & Company upped their price objective on Aptiv from $85.00 to $86.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Finally, Guggenheim cut Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $81.47.

Aptiv Trading Down 1.9%

NYSE APTV traded down $1.34 during trading on Friday, hitting $69.24. 1,995,296 shares of the company's stock traded hands, compared to its average volume of 3,386,984. The stock has a fifty day moving average of $67.53 and a two-hundred day moving average of $62.93. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.61 and a quick ratio of 1.11. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $80.95. The firm has a market cap of $15.08 billion, a P/E ratio of 11.46, a PEG ratio of 0.79 and a beta of 1.46.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. Aptiv's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 earnings per share. As a group, sell-side analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Aptiv Company 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.