Public Employees Retirement Association of Colorado Reduces Holdings in Aptiv PLC (NYSE:APTV)

Public Employees Retirement Association of Colorado reduced its stake in Aptiv PLC (NYSE:APTV) by 30.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,844 shares of the auto parts company’s stock after selling 12,068 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Aptiv were worth $1,961,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of APTV. Riverview Trust Co purchased a new stake in Aptiv during the 1st quarter valued at about $25,000. Independence Bank of Kentucky purchased a new stake in Aptiv in the second quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. acquired a new position in Aptiv in the 1st quarter worth approximately $28,000. Crewe Advisors LLC raised its position in Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after buying an additional 215 shares during the last quarter. Finally, Clearstead Trust LLC lifted its stake in Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 305 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APTV has been the topic of a number of research reports. Robert W. Baird cut their price objective on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Wolfe Research began coverage on Aptiv in a research note on Thursday, September 5th. They set an “outperform” rating and a $89.00 price objective for the company. Oppenheimer reissued an “outperform” rating and issued a $145.00 price objective on shares of Aptiv in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $74.00 target price on shares of Aptiv in a report on Tuesday, September 10th. Finally, Nomura Securities raised Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Two research 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. According to data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and a consensus target price of $95.44.

Aptiv Trading Up 2.4 %

APTV stock opened at $71.54 on Tuesday. The business’s 50-day moving average is $69.52 and its 200 day moving average is $73.96. Aptiv PLC has a 12-month low of $63.62 and a 12-month high of $100.88. The stock has a market cap of $19.46 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 0.60 and a beta of 1.79. 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 issued its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Aptiv PLC will post 6.28 EPS for the current fiscal year.

About Aptiv

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.