Louisiana State Employees Retirement System cut its position in Aptiv PLC (NYSE:APTV) by 1.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,100 shares of the auto parts company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Aptiv were worth $1,149,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. Huntington National Bank grew its stake in shares of Aptiv by 14.3% in the third quarter. Huntington National Bank now owns 1,252 shares of the auto parts company’s stock worth $110,000 after acquiring an additional 157 shares in the last quarter. Wetherby Asset Management Inc. grew its stake in Aptiv by 6.1% during the 3rd quarter. Wetherby Asset Management Inc. now owns 2,789 shares of the auto parts company’s stock worth $244,000 after purchasing an additional 160 shares in the last quarter. Webster Bank N. A. grew its stake in Aptiv by 6.3% during the 4th quarter. Webster Bank N. A. now owns 2,859 shares of the auto parts company’s stock worth $272,000 after purchasing an additional 170 shares in the last quarter. CLARET ASSET MANAGEMENT Corp increased its holdings in Aptiv by 3.3% during the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 6,175 shares of the auto parts company’s stock worth $540,000 after purchasing an additional 197 shares during the period. Finally, Lucia Wealth Services LLC increased its holdings in Aptiv by 1.9% during the 3rd quarter. Lucia Wealth Services LLC now owns 12,404 shares of the auto parts company’s stock worth $1,084,000 after purchasing an additional 237 shares during the period. Hedge funds and other institutional investors own 93.62% of the company’s stock.
In other Aptiv news, SVP David M. Sherbin sold 5,500 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $93.38, for a total value of $513,590.00. Also, SVP Vos Glen W. De sold 2,700 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $88.73, for a total transaction of $239,571.00. Following the completion of the transaction, the senior vice president now owns 47,462 shares of the company’s stock, valued at approximately $4,211,303.26. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.
Shares of NYSE APTV opened at $91.53 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.04 and a current ratio of 1.39. Aptiv PLC has a fifty-two week low of $63.36 and a fifty-two week high of $99.04. The firm has a market capitalization of $23.37 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 1.52 and a beta of 2.01. The stock’s 50-day simple moving average is $93.55 and its 200-day simple moving average is $88.04.
Aptiv (NYSE:APTV) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $1.27 earnings per share for the quarter, hitting the consensus estimate of $1.27. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Aptiv had a return on equity of 34.88% and a net margin of 6.99%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 earnings per share. On average, sell-side analysts forecast that Aptiv PLC will post 4.67 earnings per share for the current fiscal year.
APTV has been the topic of a number of analyst reports. Benchmark assumed coverage on Aptiv in a research report on Thursday, January 9th. They issued a “buy” rating and a $110.00 price target on the stock. Wolfe Research raised Aptiv from a “peer perform” rating to an “outperform” rating and set a $101.00 price objective for the company in a research report on Friday, November 22nd. Royal Bank of Canada restated a “buy” rating and set a $110.00 target price on shares of Aptiv in a research note on Sunday, December 22nd. ValuEngine lowered shares of Aptiv from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Piper Jaffray Companies raised shares of Aptiv from a “neutral” rating to an “overweight” rating and raised their target price for the company from $81.00 to $114.00 in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $96.14.
Aptiv Company Profile
Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.
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