Kentucky Retirement Systems Reduces Position in Aptiv PLC (NYSE:APTV)

Kentucky Retirement Systems decreased its position in Aptiv PLC (NYSE:APTV) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,502 shares of the auto parts company’s stock after selling 689 shares during the period. Kentucky Retirement Systems’ holdings in Aptiv were worth $1,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in shares of Aptiv during the first quarter worth about $25,000. Independence Bank of Kentucky purchased a new position in Aptiv during the 2nd quarter worth approximately $25,000. Hazlett Burt & Watson Inc. acquired a new stake in Aptiv during the 1st quarter valued at approximately $28,000. Clearstead Trust LLC increased its stake in shares of Aptiv by 305.0% in the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 305 shares during the period. Finally, Mather Group LLC. purchased a new position in shares of Aptiv during the first quarter worth $33,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on APTV shares. JPMorgan Chase & Co. upped their price target on shares of Aptiv from $104.00 to $107.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Oppenheimer reaffirmed an “outperform” rating and set a $145.00 target price on shares of Aptiv in a report on Tuesday, July 9th. Wolfe Research assumed coverage on Aptiv in a report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price target for the company. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Piper Sandler downgraded shares of Aptiv from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $78.00 to $63.00 in a report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.44.

Aptiv Price Performance

Aptiv stock opened at $69.84 on Friday. The company has a fifty day simple moving average of $69.54 and a 200-day simple moving average of $74.08. The firm has a market capitalization of $19.00 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 0.60 and a beta of 1.79. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.47. Aptiv PLC has a 52-week low of $63.62 and a 52-week high of $100.88.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. Aptiv’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that Aptiv PLC will post 6.28 EPS 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.