State of New Jersey Common Pension Fund D Reduces Stock Position in Aptiv PLC (NYSE:APTV)

State of New Jersey Common Pension Fund D cut its holdings in shares of Aptiv PLC (NYSE:APTV) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,215 shares of the auto parts company’s stock after selling 588 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Aptiv were worth $5,880,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. increased its holdings in Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Aptiv in the 3rd quarter worth approximately $43,000. Brooklyn Investment Group acquired a new position in shares of Aptiv in the 3rd quarter worth approximately $43,000. Hazlett Burt & Watson Inc. grew its position in shares of Aptiv by 100.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 702 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 351 shares in the last quarter. Finally, CENTRAL TRUST Co grew its position in shares of Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after acquiring an additional 677 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Trading Down 0.3 %

Shares of APTV stock opened at $66.81 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.53. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56. The stock has a fifty day moving average of $61.34 and a two-hundred day moving average of $64.00. The firm has a market capitalization of $15.70 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.54 and a beta of 1.74.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, research analysts expect that Aptiv PLC will post 7.14 EPS for the current year.

Wall Street Analyst Weigh In

APTV has been the subject of several research reports. Evercore ISI decreased their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. StockNews.com initiated coverage on Aptiv in a research report on Saturday. They issued a “hold” rating for the company. Argus upgraded Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. Barclays boosted their price objective on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.61.

Aptiv 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.