Aptiv PLC (NYSE:APTV) Position Reduced by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System cut its position in shares of Aptiv PLC (NYSE:APTV) by 19.5% during the 4th quarter, Holdings Channel reports. The firm owned 12,531 shares of the auto parts company’s stock after selling 3,030 shares during the period. Maryland State Retirement & Pension System’s holdings in Aptiv were worth $758,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. boosted its stake in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares in the last quarter. Picton Mahoney Asset Management bought a new position in shares of Aptiv during the 4th quarter valued at about $37,000. Brooklyn Investment Group acquired a new position in shares of Aptiv in the 3rd quarter worth approximately $43,000. CENTRAL TRUST Co raised its holdings in shares of Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new stake in Aptiv during the third quarter valued at approximately $64,000. Institutional investors own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on APTV shares. Wells Fargo & Company lifted their price target on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. HSBC raised Aptiv from a “hold” rating to a “buy” rating and boosted their target price for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. TD Cowen assumed coverage on Aptiv in a research report on Friday, March 7th. They issued a “buy” rating and a $90.00 price target for the company. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Finally, Raymond James reiterated a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.61.

Aptiv Trading Up 2.2 %

Shares of NYSE APTV opened at $63.83 on Tuesday. The business has a 50 day simple moving average of $63.88 and a 200 day simple moving average of $63.10. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 0.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was 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 in the company, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.45% of the company’s stock.

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.