Kentucky Retirement Systems Insurance Trust Fund Invests $406,000 in Aptiv PLC (NYSE:APTV)

Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,825 shares of the auto parts company's stock, valued at approximately $406,000.

A number of other hedge funds have also bought and sold shares of the business. Kentucky Retirement Systems bought a new stake in shares of Aptiv during the 1st quarter worth $953,000. GAM Holding AG bought a new stake in shares of Aptiv in the 1st quarter worth approximately $669,000. Advisor Resource Council bought a new stake in shares of Aptiv in the 1st quarter worth approximately $213,000. OLD Second National Bank of Aurora raised its holdings in shares of Aptiv by 1.0% in the 1st quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company's stock worth $1,461,000 after purchasing an additional 239 shares during the period. Finally, River Street Advisors LLC raised its holdings in shares of Aptiv by 10.2% in the 1st quarter. River Street Advisors LLC now owns 5,173 shares of the auto parts company's stock worth $308,000 after purchasing an additional 479 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Aptiv Price Performance

Shares of NYSE:APTV traded up $0.85 during trading on Friday, reaching $68.79. The company had a trading volume of 2,147,945 shares, compared to its average volume of 3,411,629. The company has a fifty day moving average of $64.07 and a two-hundred day moving average of $61.98. The stock has a market capitalization of $14.98 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 0.76 and a beta of 1.47. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $80.95. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS 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 analysts' expectations of $4.78 billion. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The firm's revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 earnings per share. Equities research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen upgraded Aptiv to a "hold" rating in a research note on Saturday, June 21st. UBS Group boosted their price target on shares of Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. TD Cowen initiated coverage on shares of Aptiv in a report on Friday, March 7th. They set a "buy" rating and a $90.00 target price on the stock. Robert W. Baird decreased their price objective on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Bank of America boosted their price objective on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $81.56.

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.