Maryland State Retirement & Pension System Decreases Position in Aptiv PLC (NYSE:APTV)

Maryland State Retirement & Pension System cut its position in Aptiv PLC (NYSE:APTV) by 12.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 10,971 shares of the auto parts company’s stock after selling 1,560 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Aptiv were worth $653,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in Aptiv by 242.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company’s stock worth $509,366,000 after buying an additional 6,062,438 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Aptiv by 20.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,541,024 shares of the auto parts company’s stock worth $153,674,000 after buying an additional 433,857 shares during the last quarter. Northern Trust Corp raised its holdings in Aptiv by 6.1% in the fourth quarter. Northern Trust Corp now owns 2,427,968 shares of the auto parts company’s stock worth $146,844,000 after buying an additional 139,843 shares during the last quarter. AustralianSuper Pty Ltd bought a new stake in shares of Aptiv in the first quarter worth approximately $117,260,000. Finally, Pacer Advisors Inc. grew its stake in shares of Aptiv by 5,379.7% in the first quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company’s stock worth $113,489,000 after acquiring an additional 1,872,571 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on APTV. Wells Fargo & Company lifted their price target on shares of Aptiv from $86.00 to $89.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Robert W. Baird set a $82.00 price target on shares of Aptiv and gave the stock an “outperform” rating in a research note on Friday, July 11th. Oppenheimer reiterated an “outperform” rating and issued a $88.00 price target (up from $84.00) on shares of Aptiv in a research note on Monday, August 4th. UBS Group lifted their price target on shares of Aptiv from $66.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada boosted their target price on shares of Aptiv from $85.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.81.

Aptiv Price Performance

Aptiv stock opened at $74.67 on Thursday. The company has a market cap of $16.26 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 0.80 and a beta of 1.48. The firm’s fifty day moving average is $68.91 and its 200 day moving average is $64.14. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $75.41.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. Aptiv’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 earnings per share. Sell-side analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Aptiv Company Profile

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.