Illinois Municipal Retirement Fund boosted its position in Aptiv PLC (NYSE:APTV – Free Report) by 26.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,658 shares of the auto parts company’s stock after acquiring an additional 9,955 shares during the period. Illinois Municipal Retirement Fund’s holdings in Aptiv were worth $3,309,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in shares of Aptiv by 240.0% in the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 252 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in Aptiv during the fourth quarter worth $33,000. DV Equities LLC bought a new position in shares of Aptiv in the fourth quarter valued at $33,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in shares of Aptiv by 60.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock valued at $37,000 after buying an additional 180 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after buying an additional 398 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Robert W. Baird dropped their price target on shares of Aptiv from $105.00 to $74.00 and set an “outperform” rating on the stock in a research report on Thursday, April 2nd. Morgan Stanley raised Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price objective for the company in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft raised their target price on Aptiv from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Piper Sandler decreased their price target on Aptiv from $106.00 to $94.00 and set an “overweight” rating for the company in a report on Monday, June 8th. Finally, President Capital started coverage on Aptiv in a research report on Wednesday, March 25th. They issued a “buy” rating and a $82.50 price target for the company. Twenty-two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.50.
Aptiv Stock Performance
NYSE APTV opened at $57.51 on Monday. The company has a market capitalization of $12.17 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 1.07 and a beta of 1.46. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. Aptiv PLC has a 52-week low of $51.68 and a 52-week high of $88.93. The company has a 50-day simple moving average of $61.60 and a 200 day simple moving average of $68.44.
Aptiv (NYSE:APTV – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.62 by $0.09. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.03 billion. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.Aptiv’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.69 earnings per share. On average, research analysts predict that Aptiv PLC will post 5.93 EPS for the current year.
Insider Buying and Selling at Aptiv
In related news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the transaction, the executive vice president owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is currently owned by corporate insiders.
About Aptiv
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.
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