Aptiv PLC $APTV Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in shares of Aptiv PLC (NYSE:APTV) by 2.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 319,454 shares of the auto parts company’s stock after selling 9,292 shares during the period. California State Teachers Retirement System’s holdings in Aptiv were worth $22,183,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in APTV. State Street Corp raised its holdings in shares of Aptiv by 4.3% in the 4th quarter. State Street Corp now owns 10,066,712 shares of the auto parts company’s stock worth $765,976,000 after purchasing an additional 419,375 shares in the last quarter. Norges Bank bought a new stake in Aptiv during the fourth quarter worth approximately $634,961,000. Geode Capital Management LLC grew its position in Aptiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 5,821,615 shares of the auto parts company’s stock worth $441,289,000 after buying an additional 99,876 shares during the last quarter. Boston Partners grew its position in Aptiv by 29.2% in the third quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock worth $361,385,000 after buying an additional 948,327 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Aptiv by 9.0% in the second quarter. Alliancebernstein L.P. now owns 3,831,441 shares of the auto parts company’s stock valued at $261,381,000 after buying an additional 315,824 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

APTV has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on Aptiv from $84.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, July 10th. HSBC decreased their target price on Aptiv from $81.32 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft boosted their target price on Aptiv from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Morgan Stanley upgraded Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price target for the company in a research report on Friday, May 8th. Finally, Barclays dropped their price target on Aptiv from $77.00 to $73.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Twenty-two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $82.50.

Insider Buying and Selling at Aptiv

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total transaction of $156,600.00. Following the transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Aptiv Trading Down 2.7%

Aptiv stock opened at $56.51 on Friday. Aptiv PLC has a 52 week low of $51.68 and a 52 week high of $88.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. The firm has a market capitalization of $11.96 billion, a price-to-earnings ratio of 33.44, a P/E/G ratio of 1.05 and a beta of 1.46. The company has a 50 day moving average price of $62.12 and a 200 day moving average price of $66.90.

Aptiv (NYSE:APTV) last announced its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.09. The company had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.03 billion. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.69 EPS. Research analysts forecast that Aptiv PLC will post 5.93 EPS for the current year.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.