Aptiv PLC (NYSE:APTV) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in Aptiv PLC (NYSE:APTV) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 198,669 shares of the auto parts company’s stock after selling 3,524 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Aptiv worth $12,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in APTV. Brown Brothers Harriman & Co. raised its position in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 409 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Aptiv during the third quarter worth $43,000. Brooklyn Investment Group purchased a new position in shares of Aptiv in the 3rd quarter valued at about $43,000. Hazlett Burt & Watson Inc. raised its holdings in Aptiv by 100.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 702 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 351 shares in the last quarter. Finally, CENTRAL TRUST Co raised its stake in Aptiv by 356.3% during 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. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Price Performance

APTV stock opened at $66.78 on Tuesday. The stock has a 50-day moving average price of $62.20 and a two-hundred day moving average price of $63.93. The company has a market cap of $15.32 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.63 and a beta of 1.74. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $85.56. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 predict that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Argus raised Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and raised their price objective for the company from $63.00 to $77.00 in a research report on Tuesday, February 4th. StockNews.com assumed coverage on shares of Aptiv in a research report on Sunday. They set a “hold” rating on the stock. Wells Fargo & Company upped their price target on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Morgan Stanley lowered their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.61.

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.