Aptiv PLC $APTV Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System raised its position in Aptiv PLC (NYSE:APTV) by 11.4% during the first quarter, Holdings Channel.com reports. The firm owned 478,577 shares of the auto parts company’s stock after buying an additional 49,080 shares during the period. California Public Employees Retirement System’s holdings in Aptiv were worth $33,232,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of APTV. Larson Financial Group LLC grew its holdings in shares of Aptiv by 240.0% during the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after buying an additional 252 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after buying an additional 398 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in Aptiv during the fourth quarter worth approximately $33,000. DV Equities LLC acquired a new stake in Aptiv during the fourth quarter worth approximately $33,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in Aptiv by 60.0% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 180 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Aptiv

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the sale, the executive vice president owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.06% of the company’s stock.

Aptiv Trading Up 0.9%

APTV stock opened at $57.81 on Wednesday. The company has a market cap of $12.23 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 1.07 and a beta of 1.46. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $61.70 and a 200-day simple moving average of $68.18. Aptiv PLC has a 52 week low of $51.68 and a 52 week high of $88.93.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on APTV shares. Wells Fargo & Company reduced their price target on Aptiv from $82.00 to $77.00 and set an “overweight” rating on the stock in a research note on Thursday, June 25th. Argus lowered their price objective on Aptiv from $99.00 to $69.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Wall Street Zen lowered Aptiv from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Robert W. Baird reduced their target price on Aptiv from $105.00 to $74.00 and set an “outperform” rating on the stock in a research report on Thursday, April 2nd. Finally, Royal Bank Of Canada raised their price target on Aptiv from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Twenty-two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average price target of $82.50.

Aptiv Profile

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.