Texas Permanent School Fund Corp increased its position in shares of Aptiv PLC (NYSE:APTV – Free Report) by 3.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,441 shares of the auto parts company’s stock after purchasing an additional 1,715 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Aptiv were worth $5,762,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of APTV. Salem Investment Counselors Inc. boosted its stake in Aptiv by 176.0% during the second quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock worth $25,000 after buying an additional 176 shares during the last quarter. West Tower Group LLC purchased a new stake in shares of Aptiv in the 2nd quarter valued at approximately $29,000. FWL Investment Management LLC acquired a new stake in shares of Aptiv during the 4th quarter worth approximately $30,000. KB Financial Partners LLC purchased a new stake in shares of Aptiv during the 1st quarter valued at approximately $56,000. Finally, Farther Finance Advisors LLC lifted its holdings in Aptiv by 49.7% in the second quarter. Farther Finance Advisors LLC now owns 518 shares of the auto parts company’s stock valued at $53,000 after acquiring an additional 172 shares during the last quarter. 89.13% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
APTV has been the topic of a number of recent analyst reports. Robert W. Baird cut shares of Aptiv from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $105.00 to $96.00 in a research report on Wednesday, January 3rd. Wells Fargo & Company increased their price objective on shares of Aptiv from $79.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Morgan Stanley lowered Aptiv from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $90.00 to $74.00 in a research report on Wednesday, February 7th. Citigroup lowered their price target on Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Finally, Barclays dropped their price objective on Aptiv from $138.00 to $112.00 and set an “overweight” rating for the company in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $115.60.
Aptiv Trading Up 0.9 %
Shares of Aptiv stock opened at $82.02 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $84.14 and a 200-day simple moving average of $90.53. The stock has a market cap of $22.89 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 1.06 and a beta of 1.93. Aptiv PLC has a 12-month low of $71.01 and a 12-month high of $124.88.
Aptiv PLC engages in design, manufacture, and sale of vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segments, Signal and Power Solutions, and Advanced Safety and User Experience.
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