Aptiv PLC (NYSE:APTV) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lessened its holdings in Aptiv PLC (NYSE:APTV) by 8.6% during the first quarter, HoldingsChannel.com reports. The fund owned 9,208 shares of the auto parts company’s stock after selling 869 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Aptiv were worth $733,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in APTV. Riverview Trust Co purchased a new stake in Aptiv during the 1st quarter worth $25,000. Hazlett Burt & Watson Inc. purchased a new stake in Aptiv during the 1st quarter worth $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Aptiv during the 4th quarter worth $29,000. GAMMA Investing LLC purchased a new stake in Aptiv during the 4th quarter worth $32,000. Finally, Clearstead Trust LLC increased 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 worth $32,000 after buying an additional 305 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of NYSE APTV traded up $0.91 during midday trading on Friday, hitting $68.74. The company’s stock had a trading volume of 2,032,880 shares, compared to its average volume of 2,876,458. Aptiv PLC has a 1-year low of $65.13 and a 1-year high of $113.14. The firm’s fifty day moving average price is $74.57 and its 200-day moving average price is $77.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. The firm has a market cap of $18.70 billion, a P/E ratio of 6.48, a P/E/G ratio of 0.66 and a beta of 1.79.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the previous year, the business posted $0.91 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts forecast that Aptiv PLC will post 5.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barclays dropped their price target on shares of Aptiv from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. UBS Group decreased their price objective on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Oppenheimer reissued an “outperform” rating and set a $145.00 price objective on shares of Aptiv in a report on Tuesday, July 9th. Guggenheim raised their price objective on shares of Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, Piper Sandler lowered shares of Aptiv from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $78.00 to $63.00 in a report on Wednesday, June 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average price target of $98.71.

Insider Buying and Selling at Aptiv

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total transaction of $30,330.12. Following the completion of the transaction, the director now directly owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by company insiders.

Aptiv Company Profile

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.