Aptiv PLC (NYSE:APTV) Holdings Cut by New York State Common Retirement Fund

New York State Common Retirement Fund cut its position in Aptiv PLC (NYSE:APTV - Free Report) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,159 shares of the auto parts company's stock after selling 15,510 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Aptiv worth $10,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Aptiv during the fourth quarter worth $106,492,000. Pictet Asset Management Holding SA lifted its holdings 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 worth $102,262,000 after buying an additional 1,539,724 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after buying an additional 1,517,104 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $371,767,000 after buying an additional 1,408,433 shares in the last quarter. Finally, Paloma Partners Management Co lifted its holdings in shares of 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 buying an additional 824,400 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

APTV has been the subject of several recent analyst reports. Robert W. Baird set a $82.00 price objective on shares of Aptiv and gave the stock an "outperform" rating in a research report on Friday, July 11th. Barclays set a $85.00 price objective on shares of Aptiv and gave the stock an "equal weight" rating in a research report on Wednesday. Wall Street Zen raised shares of Aptiv to a "hold" rating in a research report on Saturday, June 21st. Piper Sandler set a $70.00 price objective on shares of Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Finally, Bank of America upped their price objective on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.63.

Aptiv Stock Down 3.0%

NYSE APTV traded down $2.11 during trading on Friday, reaching $68.16. 2,481,029 shares of the company's stock were exchanged, compared to its average volume of 3,361,602. The stock has a market cap of $14.84 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 0.76 and a beta of 1.46. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.61. The company has a 50 day moving average price of $68.51 and a two-hundred day moving average price of $63.26. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $80.95.

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, beating the consensus estimate of $1.55 by $0.14. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The business had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the business earned $1.16 EPS. The business's quarterly revenue was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal 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.