Texas Permanent School Fund Corp Has $3.15 Million Stock Holdings in Aptiv PLC (NYSE:APTV)

Texas Permanent School Fund Corp lessened its holdings in Aptiv PLC (NYSE:APTV) by 22.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,762 shares of the auto parts company’s stock after selling 12,920 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Aptiv were worth $3,152,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of Aptiv by 6.3% in the 4th 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 last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Aptiv by 36.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company’s stock valued at $3,818,000 after acquiring an additional 12,835 shares during the last quarter. FIFTHDELTA Ltd bought a new position in shares of Aptiv in the 4th quarter valued at $50,767,000. Vanguard Group Inc. lifted its stake in shares of Aptiv by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock valued at $2,843,905,000 after acquiring an additional 325,550 shares during the last quarter. Finally, Hemenway Trust Co LLC lifted its stake in shares of Aptiv by 25.2% in the 1st quarter. Hemenway Trust Co LLC now owns 55,968 shares of the auto parts company’s stock valued at $4,458,000 after acquiring an additional 11,270 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on APTV. Wells Fargo & Company dropped their price target on Aptiv from $82.00 to $78.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Nomura Securities raised Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $74.00 target price on shares of Aptiv in a research report on Tuesday, September 10th. Evercore ISI lowered their target price on Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 15th. Finally, UBS Group lowered their target price on Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus price target of $94.88.

Aptiv Stock Performance

Shares of APTV opened at $68.95 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09. The stock has a 50-day moving average of $69.62 and a 200-day moving average of $74.33. The company has a market cap of $18.32 billion, a PE ratio of 6.50, a P/E/G ratio of 0.60 and a beta of 1.79. Aptiv PLC has a one year low of $63.62 and a one year high of $104.72.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) 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 return on equity of 13.19% and a net margin of 18.46%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 EPS. On average, equities research analysts predict that Aptiv PLC will post 6.28 EPS for the current fiscal 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.