Public Employees Retirement System of Ohio reduced its stake in Aptiv PLC (NYSE:APTV - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,550 shares of the auto parts company's stock after selling 18,270 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.08% of Aptiv worth $11,404,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in APTV. Picton Mahoney Asset Management purchased a new position in Aptiv in the 4th quarter worth approximately $37,000. CENTRAL TRUST Co raised its stake in Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock valued at $52,000 after buying an additional 677 shares during the last quarter. GeoWealth Management LLC raised its stake in Aptiv by 203.2% during the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock valued at $92,000 after buying an additional 1,022 shares during the last quarter. Quarry LP purchased a new stake in Aptiv during the 4th quarter valued at $105,000. Finally, Covestor Ltd raised its stake in Aptiv by 11.4% during the 4th 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 last quarter. 94.21% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on APTV. Barclays boosted their target price on shares of Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Hsbc Global Res upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. TD Cowen began coverage on Aptiv in a research note on Friday, March 7th. They issued a "buy" rating and a $90.00 price objective for the company. Raymond James restated a "market perform" rating on shares of Aptiv in a research note on Monday, February 3rd. Finally, HSBC upgraded Aptiv from a "hold" rating to a "buy" rating and upped their price objective for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $82.50.
Check Out Our Latest Stock Analysis on APTV
Insiders Place Their Bets
In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of Aptiv 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 completion of the sale, the senior vice president now owns 125,237 shares of the company's stock, valued at $8,203,023.50. This trade represents a 10.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.45% of the company's stock.
Aptiv Price Performance
Shares of APTV stock traded down $1.08 during mid-day trading on Friday, hitting $67.01. 531,203 shares of the stock traded hands, compared to its average volume of 3,491,783. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The firm has a market cap of $14.59 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $85.35. The company's 50-day simple moving average is $59.07 and its 200-day simple moving average is $60.27.
Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly 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. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.16 earnings per share. As a group, equities research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current 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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