California State Teachers Retirement System Lowers Stake in Aptiv PLC (NYSE:APTV)

California State Teachers Retirement System decreased its position in Aptiv PLC (NYSE:APTV - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 448,676 shares of the auto parts company's stock after selling 23,108 shares during the period. California State Teachers Retirement System owned approximately 0.20% of Aptiv worth $27,136,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Covestor Ltd lifted its holdings in Aptiv by 11.4% in the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock valued at $110,000 after buying an additional 186 shares during the period. Horizon Investments LLC raised its holdings in shares of Aptiv by 6.1% during 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 period. ProShare Advisors LLC raised its holdings in shares of Aptiv by 0.5% during the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock valued at $3,128,000 after purchasing an additional 248 shares during the period. Westpac Banking Corp raised its holdings in shares of Aptiv by 21.9% during the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock valued at $115,000 after purchasing an additional 341 shares during the period. Finally, Rafferty Asset Management LLC raised its holdings in shares of Aptiv by 1.3% in the 4th quarter. Rafferty Asset Management LLC now owns 25,669 shares of the auto parts company's stock worth $1,552,000 after acquiring an additional 341 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Stock Performance

Shares of APTV stock traded down $1.56 during trading on Monday, reaching $65.25. 1,927,415 shares of the company's stock traded hands, compared to its average volume of 3,501,107. The company has a market capitalization of $14.21 billion, a P/E ratio of 9.48, a PEG ratio of 0.62 and a beta of 1.44. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The firm's 50-day moving average is $59.11 and its 200 day moving average is $60.50. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $85.35.

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 (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The business had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the prior year, the company posted $1.16 EPS. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on APTV shares. Piper Sandler set a $70.00 target price on shares of Aptiv and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Hsbc Global Res upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Robert W. Baird lowered their target price on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen began coverage on shares of Aptiv in a report on Thursday, May 22nd. They issued a "hold" rating on the stock. Finally, Raymond James reaffirmed a "market perform" rating on shares of Aptiv in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Aptiv presently has an average rating of "Moderate Buy" and an average target price of $82.50.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This trade represents a 10.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.45% of the company's stock.

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.