Illinois Municipal Retirement Fund Has $2.79 Million Stock Position in Aptiv PLC (NYSE:APTV)

Illinois Municipal Retirement Fund increased its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 22.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,928 shares of the auto parts company's stock after purchasing an additional 8,739 shares during the period. Illinois Municipal Retirement Fund's holdings in Aptiv were worth $2,792,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Picton Mahoney Asset Management bought a new position in Aptiv during the fourth quarter worth about $37,000. Versant Capital Management Inc raised its position in shares of Aptiv by 201.7% in the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after acquiring an additional 470 shares during the period. UMB Bank n.a. acquired a new stake in shares of Aptiv in the 1st quarter valued at approximately $48,000. Blue Trust Inc. boosted its stake in Aptiv by 48.4% during the 1st 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 during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in 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 valued at $81,000 after purchasing an additional 848 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on APTV shares. Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Robert W. Baird dropped 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. UBS Group boosted their target price on Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Piper Sandler set a $70.00 price target on Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Finally, TD Cowen assumed coverage on Aptiv in a report on Friday, March 7th. They set a "buy" rating and a $90.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $81.56.

Aptiv Stock Up 1.3%

Aptiv stock opened at $68.79 on Monday. 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 PLC has a 1-year low of $47.19 and a 1-year high of $80.95. The company has a fifty day simple moving average of $64.41 and a 200 day simple moving average of $62.10. The company has a market cap of $14.98 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 0.77 and a beta of 1.47.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $4.83 billion during 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%. Aptiv's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 EPS. Research analysts anticipate that Aptiv PLC will post 7.2 earnings per share 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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