Aptiv PLC (NYSE:APTV) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its holdings in shares of Aptiv PLC (NYSE:APTV) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,522 shares of the auto parts company’s stock after selling 1,492 shares during the quarter. Retirement Systems of Alabama’s holdings in Aptiv were worth $4,214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in shares of Aptiv by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after buying an additional 1,764,844 shares during the last quarter. FMR LLC increased its position in shares of Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Aptiv by 13.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after purchasing an additional 905,431 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Aptiv by 1,390.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after purchasing an additional 1,090,766 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. TD Cowen reduced their target price on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. StockNews.com began coverage on shares of Aptiv in a report on Friday, December 13th. They issued a “hold” rating for the company. Barclays dropped their target price on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Oppenheimer decreased their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Bank of America dropped their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.29.

Aptiv Stock Performance

Shares of APTV opened at $57.01 on Friday. The firm has a market capitalization of $13.40 billion, a PE ratio of 6.36, a P/E/G ratio of 0.59 and a beta of 1.78. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $59.84 and a 200 day moving average price of $67.15. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $91.66.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 earnings per share. On average, sell-side analysts anticipate that Aptiv PLC will post 6.15 earnings per share 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.