Aptiv PLC (NYSE:APTV) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System lowered its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 12.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74,149 shares of the auto parts company's stock after selling 10,100 shares during the period. State of Michigan Retirement System's holdings in Aptiv were worth $4,412,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC purchased a new stake in shares of Aptiv during the 4th quarter valued at approximately $4,181,000. HighTower Advisors LLC lifted its stake in shares of Aptiv by 4.1% in the 4th quarter. HighTower Advisors LLC now owns 14,663 shares of the auto parts company's stock valued at $887,000 after purchasing an additional 577 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Aptiv during the 4th quarter worth $6,597,000. Picton Mahoney Asset Management acquired a new stake in shares of Aptiv during the 4th quarter worth about $37,000. Finally, Catalyst Funds Management Pty Ltd increased its position in shares of Aptiv by 387.5% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 15,600 shares of the auto parts company's stock worth $943,000 after purchasing an additional 12,400 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APTV has been the subject of several research analyst reports. Wolfe Research lowered shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada increased their price objective on shares of Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Morgan Stanley cut their target price on Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. Piper Sandler set a $70.00 price target on Aptiv and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company lifted their price objective on Aptiv from $85.00 to $86.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and an average price target of $79.81.

Aptiv Stock Down 1.9%

Shares of Aptiv stock opened at $69.24 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $80.95. The company has a market capitalization of $15.08 billion, a P/E ratio of 11.46, a P/E/G ratio of 0.77 and a beta of 1.46. The company has a 50 day moving average of $67.53 and a 200 day moving average of $62.95.

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

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