California Public Employees Retirement System lessened its holdings in shares of Aptiv PLC (NYSE:APTV) by 5.6% in the first quarter, Holdings Channel reports. The fund owned 427,894 shares of the auto parts company’s stock after selling 25,532 shares during the period. California Public Employees Retirement System’s holdings in Aptiv were worth $34,013,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. PRW Wealth Management LLC bought a new stake in Aptiv in the 4th quarter worth approximately $28,000. Oregon Public Employees Retirement Fund lifted its position in Aptiv by 3,023.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,974,550 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 1,911,334 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in Aptiv in the fourth quarter valued at approximately $34,000. Resources Investment Advisors Inc. bought a new stake in Aptiv in the fourth quarter valued at approximately $34,000. Finally, Enlightenment Research LLC bought a new stake in Aptiv in the fourth quarter valued at approximately $36,000. Institutional investors own 95.74% of the company’s stock.

APTV opened at $74.73 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 1.20. Aptiv PLC has a 52-week low of $58.80 and a 52-week high of $103.23. The company has a market cap of $18.81 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.32 and a beta of 1.79.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, May 2nd. The auto parts company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.05. Aptiv had a return on equity of 35.66% and a net margin of 6.95%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts anticipate that Aptiv PLC will post 5.01 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.88 annualized dividend and a dividend yield of 1.18%. Aptiv’s dividend payout ratio (DPR) is presently 16.73%.

In other news, SVP David M. Sherbin sold 19,689 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $86.79, for a total transaction of $1,708,808.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.

Several analysts have weighed in on the company. KeyCorp boosted their price objective on Aptiv from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Wolfe Research downgraded Aptiv from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 18th. Zacks Investment Research upgraded Aptiv from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Morgan Stanley lowered their price objective on Aptiv from $70.00 to $69.00 and set an “underweight” rating for the company in a research report on Monday, April 15th. Finally, Jefferies Financial Group boosted their price objective on Aptiv from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $92.93.

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Aptiv Profile

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

Further Reading: Return on Equity (ROE)

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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