Aptiv PLC (NYSE:APTV) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its holdings in Aptiv PLC (NYSE:APTV) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 259,198 shares of the auto parts company’s stock after selling 7,888 shares during the quarter. New York State Teachers Retirement System’s holdings in Aptiv were worth $18,665,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Gibraltar Capital Management Inc. lifted its holdings in shares of Aptiv by 1.6% in the 3rd quarter. Gibraltar Capital Management Inc. now owns 148,383 shares of the auto parts company’s stock valued at $10,685,000 after buying an additional 2,388 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Aptiv by 17.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 25,820 shares of the auto parts company’s stock valued at $1,859,000 after buying an additional 3,773 shares during the period. Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Aptiv in the 3rd quarter valued at approximately $373,000. Custom Index Systems LLC increased its stake in Aptiv by 5.2% in the 3rd quarter. Custom Index Systems LLC now owns 6,799 shares of the auto parts company’s stock valued at $490,000 after purchasing an additional 337 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Aptiv by 4.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 30,884 shares of the auto parts company’s stock valued at $2,223,000 after purchasing an additional 1,300 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on APTV shares. Morgan Stanley dropped their price objective on Aptiv from $70.00 to $68.00 and set an “underweight” rating for the company in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft dropped their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research note on Friday. JPMorgan Chase & Co. raised their price objective on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Fox Advisors downgraded Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Finally, Nomura Securities raised Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $88.18.

Aptiv Price Performance

APTV stock opened at $56.37 on Friday. Aptiv PLC has a 52-week low of $54.70 and a 52-week high of $91.66. The stock’s fifty day simple moving average is $69.58 and its 200-day simple moving average is $72.41. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $14.98 billion, a price-to-earnings ratio of 4.26, a price-to-earnings-growth ratio of 0.63 and a beta of 1.79.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the firm earned $1.30 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. Equities research analysts expect that Aptiv PLC will post 6.23 EPS for the current year.

Aptiv 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.