Arizona State Retirement System Makes New $4.04 Million Investment in Aptiv PLC (NYSE:APTV)

Arizona State Retirement System acquired a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 67,969 shares of the auto parts company's stock, valued at approximately $4,044,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. increased its stake in Aptiv by 155.2% in the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 385 shares during the period. Versant Capital Management Inc lifted its holdings in Aptiv by 201.7% in the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after buying an additional 470 shares during the period. UMB Bank n.a. bought a new stake in Aptiv in the first quarter valued at approximately $48,000. Blue Trust Inc. increased its position in shares of Aptiv by 48.4% during the first quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock worth $74,000 after acquiring an additional 406 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Aptiv by 164.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company's stock worth $81,000 after acquiring an additional 848 shares in the last quarter. Institutional investors own 94.21% of the company's stock.

Aptiv Stock Up 0.2%

Shares of Aptiv stock traded up $0.14 during trading on Thursday, reaching $70.27. 665,773 shares of the company traded hands, compared to its average volume of 3,369,429. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.61 and a quick ratio of 1.11. The company has a 50 day moving average price of $68.21 and a 200-day moving average price of $63.14. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $80.95. The firm has a market capitalization of $15.30 billion, a PE ratio of 11.63, a P/E/G ratio of 0.77 and a beta of 1.46.

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

Wall Street Analyst Weigh In

APTV has been the subject of several recent research reports. Wells Fargo & Company increased their target price on shares of Aptiv from $85.00 to $86.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Morgan Stanley cut their target price on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. Wall Street Zen upgraded shares of Aptiv to a "hold" rating in a research note on Saturday, June 21st. Robert W. Baird set a $82.00 target price on shares of Aptiv and gave the stock an "outperform" rating in a research note on Friday, July 11th. Finally, UBS Group increased their target price on shares of Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $81.63.

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.