Louisiana State Employees Retirement System Makes New $750,000 Investment in Aptiv PLC $APTV

Louisiana State Employees Retirement System purchased a new position in shares of Aptiv PLC (NYSE:APTV) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,800 shares of the auto parts company’s stock, valued at approximately $750,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Westpac Banking Corp grew its stake in Aptiv by 6.6% in the 4th quarter. Westpac Banking Corp now owns 1,905 shares of the auto parts company’s stock worth $145,000 after acquiring an additional 118 shares during the period. Sivia Capital Partners LLC grew its position in shares of Aptiv by 3.3% in the fourth quarter. Sivia Capital Partners LLC now owns 3,734 shares of the auto parts company’s stock valued at $284,000 after purchasing an additional 120 shares during the period. Advisors Asset Management Inc. grew its holdings in Aptiv by 4.2% in the 4th quarter. Advisors Asset Management Inc. now owns 3,559 shares of the auto parts company’s stock valued at $271,000 after buying an additional 143 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of Aptiv by 0.5% during the 4th quarter. Benjamin Edwards Inc. now owns 34,728 shares of the auto parts company’s stock worth $2,642,000 after acquiring an additional 156 shares during the period. Finally, Unified Investment Management boosted its position in shares of Aptiv by 1.3% in the fourth quarter. Unified Investment Management now owns 12,384 shares of the auto parts company’s stock worth $942,000 after acquiring an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

APTV has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, July 1st. Royal Bank Of Canada reduced their price objective on Aptiv from $104.00 to $81.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 31st. BNP Paribas Exane dropped their target price on shares of Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Argus reduced their price target on Aptiv from $99.00 to $69.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Finally, The Goldman Sachs Group lifted their target price on Aptiv from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Twenty-two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.46.

Insider Transactions at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the transaction, 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 SEC, which is available through this link. 0.06% of the stock is owned by company insiders.

Aptiv Stock Down 1.3%

NYSE:APTV traded down $0.77 during mid-day trading on Tuesday, reaching $58.96. The stock had a trading volume of 44,955 shares, compared to its average volume of 2,946,883. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 34.94, a price-to-earnings-growth ratio of 1.03 and a beta of 1.46. Aptiv PLC has a 1-year low of $51.68 and a 1-year high of $88.93. The stock’s 50 day simple moving average is $61.49 and its two-hundred day simple moving average is $69.71.

Aptiv (NYSE:APTV) last released its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The company had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter last year, the business posted $1.69 EPS. Aptiv’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts anticipate that Aptiv PLC will post 6.3 EPS for the current year.

About Aptiv

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.