New York State Teachers Retirement System Lowers Position in Aptiv PLC $APTV

New York State Teachers Retirement System trimmed its position in shares of Aptiv PLC (NYSE:APTV) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 201,887 shares of the auto parts company’s stock after selling 13,699 shares during the quarter. New York State Teachers Retirement System’s holdings in Aptiv were worth $15,362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D raised its position in shares of Aptiv by 3.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 78,467 shares of the auto parts company’s stock worth $5,971,000 after acquiring an additional 2,616 shares in the last quarter. Simplicity Wealth LLC bought a new stake in shares of Aptiv during the fourth quarter valued at approximately $205,000. Middleton & Co. Inc. MA grew its stake in Aptiv by 2.8% in the fourth quarter. Middleton & Co. Inc. MA now owns 29,947 shares of the auto parts company’s stock worth $2,279,000 after purchasing an additional 812 shares during the period. Pictet Asset Management Holding SA grew its stake in Aptiv by 0.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 128,311 shares of the auto parts company’s stock worth $9,763,000 after purchasing an additional 893 shares during the period. Finally, Sanctuary Advisors LLC raised its holdings in Aptiv by 135.6% in the fourth quarter. Sanctuary Advisors LLC now owns 102,221 shares of the auto parts company’s stock worth $7,778,000 after purchasing an additional 58,831 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

Shares of NYSE:APTV opened at $60.53 on Monday. The business has a fifty day moving average price of $66.70 and a 200-day moving average price of $75.37. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.74 and a quick ratio of 1.23. The company has a market capitalization of $12.90 billion, a PE ratio of 79.64, a PEG ratio of 0.81 and a beta of 1.42. Aptiv PLC has a 1-year low of $56.56 and a 1-year high of $88.93.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Monday, February 2nd. The auto parts company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.82 by $0.04. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.07 billion. Aptiv had a net margin of 0.81% and a return on equity of 18.22%. Aptiv’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.75 EPS. As a group, equities analysts expect that Aptiv PLC will post 8.28 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on APTV. Oppenheimer dropped their target price on shares of Aptiv from $106.00 to $84.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $84.00 price target on shares of Aptiv in a research note on Monday, April 27th. The Goldman Sachs Group assumed coverage on shares of Aptiv in a research note on Monday, April 13th. They set a “buy” rating and a $74.00 price objective on the stock. Zacks Research cut shares of Aptiv from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Robert W. Baird lowered their target price on shares of Aptiv from $105.00 to $74.00 and set an “outperform” rating for the company in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.37.

Aptiv Company Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.