Kentucky Retirement Systems Decreases Stock Position in Aptiv PLC (NYSE:APTV)

Kentucky Retirement Systems lowered its holdings in shares of Aptiv PLC (NYSE:APTV) by 9.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,514 shares of the auto parts company’s stock after selling 1,988 shares during the period. Kentucky Retirement Systems’ holdings in Aptiv were worth $1,333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Wolff Wiese Magana LLC boosted its position in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 155 shares during the last quarter. Signaturefd LLC grew its position in shares of Aptiv by 6.2% in the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after acquiring an additional 156 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after buying an additional 176 shares during the period. Farther Finance Advisors LLC boosted its stake in Aptiv by 16.8% in the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock valued at $88,000 after acquiring an additional 176 shares during the period. Finally, Crewe Advisors LLC boosted its position in Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

APTV opened at $52.71 on Tuesday. The firm has a market capitalization of $12.39 billion, a P/E ratio of 5.88, a PEG ratio of 0.47 and a beta of 1.81. The stock has a fifty day moving average of $66.18 and a 200-day moving average of $71.18. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv PLC has a 12-month low of $52.14 and a 12-month high of $91.66.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the firm posted $1.30 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. Equities analysts forecast that Aptiv PLC will post 6.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on APTV shares. Royal Bank of Canada decreased their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. StockNews.com started coverage on Aptiv in a research report on Tuesday. They set a “hold” rating for the company. Wells Fargo & Company raised Aptiv from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $78.00 to $87.00 in a report on Friday, September 20th. Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average target price of $86.53.

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.