State of Alaska Department of Revenue Sells 4,085 Shares of Aptiv PLC (NYSE:APTV)

State of Alaska Department of Revenue decreased its holdings in shares of Aptiv PLC (NYSE:APTV) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,799 shares of the auto parts company’s stock after selling 4,085 shares during the period. State of Alaska Department of Revenue’s holdings in Aptiv were worth $1,620,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in APTV. Proactive Wealth Strategies LLC bought a new stake in shares of Aptiv during the 3rd quarter valued at about $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Aptiv by 73.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after acquiring an additional 47,215 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Aptiv during the third quarter valued at about $14,893,000. Shorepath Capital Management LLC boosted its holdings in shares of Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after purchasing an additional 11,835 shares in the last quarter. Finally, National Pension Service raised its holdings in shares of Aptiv by 16.6% during the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock valued at $36,214,000 after buying an additional 71,633 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Stock Up 1.1 %

Shares of NYSE:APTV opened at $64.69 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.53. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56. The firm has a market capitalization of $15.21 billion, a P/E ratio of 9.40, a P/E/G ratio of 0.54 and a beta of 1.74. The stock has a 50 day moving average price of $60.39 and a 200-day moving average price of $64.12.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 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, equities research analysts anticipate that Aptiv PLC will post 7.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Morgan Stanley reduced their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. raised their price target on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada raised their target price on shares of Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $85.61.

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.