Aptiv PLC (NYSE:APTV) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System cut its holdings in shares of Aptiv PLC (NYSE:APTV) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,449 shares of the auto parts company’s stock after selling 1,000 shares during the period. State of Michigan Retirement System’s holdings in Aptiv were worth $6,089,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in shares of Aptiv by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 455,651 shares of the auto parts company’s stock valued at $40,881,000 after acquiring an additional 26,933 shares during the period. Gradient Investments LLC lifted its holdings in shares of Aptiv by 36.1% in the fourth quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock valued at $13,902,000 after purchasing an additional 41,135 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Aptiv in the fourth quarter worth $13,120,000. FIFTHDELTA Ltd purchased a new position in shares of Aptiv during the fourth quarter valued at $50,767,000. Finally, Trillium Asset Management LLC raised its position in Aptiv by 33.1% during the fourth quarter. Trillium Asset Management LLC now owns 361,249 shares of the auto parts company’s stock valued at $32,411,000 after buying an additional 89,786 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

A number of brokerages have commented on APTV. JPMorgan Chase & Co. raised their price objective on Aptiv from $109.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Wells Fargo & Company dropped their price objective on shares of Aptiv from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 25th. Guggenheim lifted their target price on shares of Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Piper Sandler downgraded shares of Aptiv from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $78.00 to $63.00 in a research note on Wednesday, June 26th. Finally, Barclays reduced their price objective on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Aptiv presently has an average rating of “Hold” and an average price target of $105.08.

Aptiv Stock Up 1.5 %

APTV opened at $69.45 on Wednesday. Aptiv PLC has a twelve month low of $65.13 and a twelve month high of $113.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. The business has a 50 day moving average price of $77.58 and a 200 day moving average price of $79.51. The firm has a market cap of $18.89 billion, a P/E ratio of 6.55, a price-to-earnings-growth ratio of 0.67 and a beta of 1.79.

Aptiv (NYSE:APTV) last posted its quarterly earnings data 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. The business had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. Aptiv’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. Research analysts forecast that Aptiv PLC will post 6.01 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.