Public Employees Retirement Association of Colorado Cuts Stock Position in Aptiv PLC (NYSE:APTV)

Public Employees Retirement Association of Colorado lowered its holdings in Aptiv PLC (NYSE:APTV) by 5.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,912 shares of the auto parts company’s stock after selling 2,353 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Aptiv were worth $3,179,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of APTV. Vanguard Group Inc. raised its stake in shares of Aptiv by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock valued at $2,843,905,000 after buying an additional 325,550 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Aptiv by 17.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock valued at $854,210,000 after buying an additional 1,405,569 shares during the period. Impax Asset Management Group plc raised its stake in shares of Aptiv by 7.1% in the fourth quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock valued at $651,978,000 after buying an additional 483,157 shares during the period. Capital World Investors purchased a new position in shares of Aptiv in the 1st quarter worth about $343,760,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of Aptiv by 3.1% in the 1st quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock worth $343,728,000 after purchasing an additional 131,431 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insider Transactions at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total value of $30,330.12. Following the completion of the transaction, the director now owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Aptiv Stock Up 0.2 %

Shares of NYSE:APTV opened at $68.90 on Tuesday. Aptiv PLC has a 52-week low of $65.13 and a 52-week high of $113.14. The firm has a market capitalization of $18.74 billion, a P/E ratio of 6.49, a P/E/G ratio of 0.66 and a beta of 1.79. The stock has a 50 day moving average price of $74.31 and a 200-day moving average price of $77.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the company earned $0.91 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Aptiv PLC will post 5.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on APTV shares. Oppenheimer restated an “outperform” rating and set a $145.00 target price on shares of Aptiv in a report on Tuesday, July 9th. JPMorgan Chase & Co. dropped their target price on Aptiv from $113.00 to $104.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Wells Fargo & Company dropped their target price on Aptiv from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. Robert W. Baird dropped their target price on Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Finally, Evercore ISI dropped their target price on Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $98.71.

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.