Kentucky Retirement Systems acquired a new position in Aptiv PLC (NYSE:APTV - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,023 shares of the auto parts company's stock, valued at approximately $953,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in APTV. Picton Mahoney Asset Management bought a new position in Aptiv during the 4th quarter valued at $37,000. Versant Capital Management Inc boosted its stake in Aptiv by 201.7% during the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 470 shares in the last quarter. UMB Bank n.a. bought a new position in Aptiv during the 1st quarter valued at $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 valued at $74,000 after purchasing an additional 406 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Aptiv by 164.7% during the 1st 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 in the last quarter. 94.21% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on APTV. Wall Street Zen raised Aptiv to a "hold" rating in a research note on Saturday. TD Cowen began coverage on Aptiv in a research note on Friday, March 7th. They set a "buy" rating and a $90.00 price target for the company. UBS Group increased their price target 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 company a "neutral" rating in a research note on Thursday, May 22nd. Finally, Guggenheim lowered Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $81.56.
Read Our Latest Stock Analysis on APTV
Aptiv Stock Down 1.5%
Shares of APTV traded down $1.04 during mid-day trading on Wednesday, reaching $67.41. The company's stock had a trading volume of 2,020,737 shares, compared to its average volume of 3,461,366. The business has a fifty day moving average of $63.74 and a 200 day moving average of $61.91. The company has a market cap of $14.68 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 0.76 and a beta of 1.47. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $80.95. 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 (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The company's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 earnings per share. As a group, analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.
Aptiv Company Profile
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Free Report)
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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