State of New Jersey Common Pension Fund D Sells 64,243 Shares of Aptiv PLC (NYSE:APTV)

State of New Jersey Common Pension Fund D trimmed its position in shares of Aptiv PLC (NYSE:APTV) by 39.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,222 shares of the auto parts company’s stock after selling 64,243 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Aptiv were worth $6,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in APTV. Private Advisor Group LLC bought a new stake in Aptiv during the fourth quarter worth about $316,000. Jump Financial LLC acquired a new position in shares of Aptiv during the fourth quarter worth approximately $781,000. Janney Montgomery Scott LLC lifted its position in shares of Aptiv by 56.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 35,099 shares of the auto parts company’s stock worth $3,149,000 after purchasing an additional 12,682 shares in the last quarter. Financial Advocates Investment Management lifted its position in shares of Aptiv by 5.9% during the fourth quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock worth $211,000 after purchasing an additional 132 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Aptiv by 25.1% during the fourth quarter. Brown Advisory Inc. now owns 46,056 shares of the auto parts company’s stock worth $4,132,000 after purchasing an additional 9,234 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

APTV has been the topic of a number of research reports. Bank of America reduced their target price on shares of Aptiv from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Oppenheimer reiterated an “outperform” rating and set a $145.00 target price on shares of Aptiv in a research report on Tuesday, July 9th. StockNews.com lowered shares of Aptiv from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Nomura Securities upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Citigroup cut their price objective on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $94.88.

Aptiv Stock Up 2.9 %

Aptiv stock opened at $68.95 on Monday. The company has a market cap of $18.32 billion, a P/E ratio of 6.50, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79. Aptiv PLC has a 1-year low of $63.62 and a 1-year high of $104.72. The company has a fifty day simple moving average of $69.62 and a 200 day simple moving average of $74.33. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. The business had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 earnings per share. Research analysts anticipate that Aptiv PLC will post 6.28 earnings per share for the current fiscal 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.