Strs Ohio Reduces Stake in Aptiv PLC $APTV

Strs Ohio lessened its holdings in Aptiv PLC (NYSE:APTV) by 4.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 475,095 shares of the auto parts company’s stock after selling 24,108 shares during the period. Strs Ohio’s holdings in Aptiv were worth $32,991,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of APTV. Saranac Partners Ltd purchased a new position in shares of Aptiv during the third quarter worth $25,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Aptiv in the third quarter valued at $30,000. Larson Financial Group LLC boosted its holdings in Aptiv by 240.0% in the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 252 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in Aptiv during the 4th quarter worth about $33,000. Finally, DV Equities LLC acquired a new stake in Aptiv during the 4th quarter worth about $33,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the sale, the executive vice president owned 163,752 shares of the company’s stock, valued at $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is owned by corporate insiders.

Aptiv Trading Up 0.0%

Shares of NYSE:APTV opened at $58.89 on Friday. The business’s 50 day moving average price is $61.49 and its 200-day moving average price is $69.76. Aptiv PLC has a 1 year low of $51.68 and a 1 year high of $88.93. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 1.03 and a beta of 1.46. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.62 by $0.09. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.69 EPS. On average, equities research analysts forecast that Aptiv PLC will post 6.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wolfe Research raised Aptiv from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a report on Friday, March 6th. BNP Paribas Exane reduced their price target on Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. UBS Group lowered their price objective on Aptiv from $97.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Morgan Stanley raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price objective on the stock in a research note on Friday, May 8th. Finally, Argus cut their target price on shares of Aptiv from $99.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Twenty-two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.46.

Aptiv Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.