Louisiana State Employees Retirement System Takes $732,000 Position in Aptiv PLC (NYSE:APTV)

Louisiana State Employees Retirement System bought a new stake in Aptiv PLC (NYSE:APTV - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,300 shares of the auto parts company's stock, valued at approximately $732,000.

Other institutional investors have also modified their holdings of the company. HighTower Advisors LLC grew its position in 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 buying an additional 577 shares during the last quarter. Intech Investment Management LLC grew its position in Aptiv by 264.4% in the 4th quarter. Intech Investment Management LLC now owns 18,565 shares of the auto parts company's stock valued at $1,123,000 after buying an additional 13,471 shares during the last quarter. Quantbot Technologies LP purchased a new position in Aptiv in the 4th quarter valued at $719,000. Mizuho Securities USA LLC grew its position in Aptiv by 29.3% in the 4th quarter. Mizuho Securities USA LLC now owns 22,276 shares of the auto parts company's stock valued at $1,347,000 after buying an additional 5,043 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Aptiv in the 4th quarter valued at $9,316,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Price Performance

APTV stock traded up $1.84 during trading on Wednesday, hitting $71.81. The stock had a trading volume of 2,083,490 shares, compared to its average volume of 3,350,917. The company's 50 day moving average price is $68.62 and its two-hundred day moving average price is $63.46. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $80.95. The stock has a market cap of $15.63 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 0.77 and a beta of 1.46. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.61.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results 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. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the company posted $1.16 EPS. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. On average, sell-side analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on APTV. Barclays set a $85.00 target price on shares of Aptiv and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Piper Sandler set a $70.00 target price on shares of Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Robert W. Baird set a $82.00 target price on shares of Aptiv and gave the stock an "outperform" rating in a research report on Friday, July 11th. Bank of America boosted their target price on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Finally, Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.63.

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.