California Public Employees Retirement System Decreases Holdings in Aptiv PLC (NYSE:APTV)

California Public Employees Retirement System trimmed its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 481,591 shares of the auto parts company's stock after selling 18,558 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Aptiv worth $43,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Aptiv by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company's stock worth $3,092,966,000 after buying an additional 1,265,774 shares during the period. Impax Asset Management Group plc raised its stake in Aptiv by 7.1% during the 4th quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company's stock worth $651,978,000 after buying an additional 483,157 shares during the period. American Century Companies Inc. raised its stake in shares of Aptiv by 1.1% in the third quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company's stock worth $496,706,000 after purchasing an additional 53,288 shares during the last quarter. Morgan Stanley raised its stake in shares of Aptiv by 6.0% in the third quarter. Morgan Stanley now owns 3,302,280 shares of the auto parts company's stock worth $325,572,000 after purchasing an additional 187,046 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Aptiv by 0.4% in the third quarter. Lazard Asset Management LLC now owns 3,017,928 shares of the auto parts company's stock worth $297,536,000 after purchasing an additional 12,435 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Stock Performance

NYSE APTV traded up $1.08 on Friday, hitting $71.21. 2,108,159 shares of the stock traded hands, compared to its average volume of 1,940,257. The business's fifty day moving average is $76.48 and its two-hundred day moving average is $81.39. Aptiv PLC has a 12 month low of $68.84 and a 12 month high of $113.60. The firm has a market capitalization of $19.42 billion, a price-to-earnings ratio of 6.87, a PEG ratio of 0.89 and a beta of 1.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.95 billion. As a group, equities analysts anticipate that Aptiv PLC will post 5.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the sale, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.34% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Guggenheim lowered their price objective on Aptiv from $103.00 to $92.00 and set a "buy" rating for the company in a research note on Wednesday, April 17th. Barclays lowered their price objective on Aptiv from $112.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday, April 11th. JPMorgan Chase & Co. lowered their price objective on Aptiv from $110.00 to $109.00 and set an "overweight" rating for the company in a research note on Monday, April 22nd. Wells Fargo & Company lowered their price objective on Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. Finally, Citigroup reduced their target price on Aptiv from $150.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $109.93.

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.