Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stock Position in Aptiv PLC (NYSE:APTV)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in Aptiv PLC (NYSE:APTV) by 13.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 49,976 shares of the auto parts company’s stock after selling 7,877 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Aptiv were worth $3,023,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Intech Investment Management LLC raised its stake in Aptiv by 264.4% during the fourth quarter. Intech Investment Management LLC now owns 18,565 shares of the auto parts company’s stock worth $1,123,000 after purchasing an additional 13,471 shares during the period. Generali Asset Management SPA SGR acquired a new stake in shares of Aptiv during the 4th quarter worth $881,000. Horizon Investments LLC raised its position in shares of Aptiv by 6.1% in the 4th quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock worth $231,000 after buying an additional 219 shares during the period. Retirement Planning Co of New England Inc. grew its position in Aptiv by 11.9% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 5,465 shares of the auto parts company’s stock valued at $331,000 after acquiring an additional 580 shares during the period. Finally, Tocqueville Asset Management L.P. increased its stake in Aptiv by 301.1% during the fourth quarter. Tocqueville Asset Management L.P. now owns 65,646 shares of the auto parts company’s stock worth $3,970,000 after acquiring an additional 49,281 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Activity

In related news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. HSBC raised Aptiv from a “hold” rating to a “buy” rating and lifted their price objective for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. Barclays increased their price objective on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Royal Bank of Canada boosted their price objective on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Piper Sandler boosted their price target on Aptiv from $65.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $86.61.

Aptiv Stock Performance

Shares of APTV opened at $63.83 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $85.56. The business’s fifty day moving average price is $63.88 and its 200 day moving average price is $63.10. The stock has a market capitalization of $14.65 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Equities research analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

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.