New Mexico Educational Retirement Board reduced its position in Aptiv PLC (NYSE:APTV) by 19.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,100 shares of the auto parts company’s stock after selling 3,800 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Aptiv were worth $793,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of APTV. Norges Bank bought a new stake in shares of Aptiv in the 4th quarter valued at $438,811,000. Clearbridge Investments LLC lifted its position in shares of Aptiv by 433.4% during the 1st quarter. Clearbridge Investments LLC now owns 4,694,144 shares of the auto parts company’s stock valued at $231,140,000 after acquiring an additional 3,814,034 shares during the period. Pictet Asset Management Ltd. acquired a new position in shares of Aptiv during the 4th quarter valued at $188,360,000. BlackRock Inc. lifted its position in shares of Aptiv by 9.2% during the 1st quarter. BlackRock Inc. now owns 18,123,995 shares of the auto parts company’s stock valued at $892,425,000 after acquiring an additional 1,528,680 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in shares of Aptiv by 36.9% during the 4th quarter. Nuveen Asset Management LLC now owns 3,566,379 shares of the auto parts company’s stock valued at $338,699,000 after acquiring an additional 962,112 shares during the period. 90.39% of the stock is currently owned by institutional investors.

APTV has been the topic of a number of research reports. Citigroup initiated coverage on shares of Aptiv in a research report on Thursday, April 2nd. They set a “buy” rating and a $67.00 target price on the stock. Cowen boosted their target price on shares of Aptiv from $86.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, June 18th. Deutsche Bank boosted their target price on shares of Aptiv from $59.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $73.00 to $89.00 and gave the company an “overweight” rating in a research report on Friday, June 19th. Finally, Oppenheimer lowered their price objective on shares of Aptiv from $98.00 to $63.00 and set an “outperform” rating on the stock in a report on Thursday, April 9th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Aptiv currently has an average rating of “Buy” and an average price target of $86.96.

APTV opened at $75.67 on Tuesday. The firm has a market cap of $18.89 billion, a P/E ratio of 8.34, a PEG ratio of 6.90 and a beta of 2.25. The firm has a 50-day moving average of $74.51 and a 200 day moving average of $76.41. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.32 and a current ratio of 1.69. Aptiv PLC has a fifty-two week low of $29.22 and a fifty-two week high of $99.04.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Tuesday, May 5th. The auto parts company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.36. The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $2.95 billion. Aptiv had a net margin of 16.58% and a return on equity of 27.25%. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share. Equities research analysts predict that Aptiv PLC will post 0.98 earnings per share for the current fiscal year.

Aptiv Company 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.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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