Strs Ohio Lowers Stake in Aptiv PLC $APTV

Strs Ohio cut its stake in Aptiv PLC (NYSE:APTV) by 4.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 475,095 shares of the auto parts company’s stock after selling 24,108 shares during the quarter. Strs Ohio owned about 0.22% of Aptiv worth $32,991,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Saranac Partners Ltd bought a new stake in Aptiv during the third quarter valued at about $25,000. Larson Financial Group LLC raised 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 worth $27,000 after purchasing an additional 252 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after buying an additional 398 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Aptiv during the third quarter valued at about $30,000. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Aptiv in the 4th quarter valued at about $33,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Stock Performance

Shares of Aptiv stock opened at $58.89 on Friday. The company has a 50 day moving average price of $61.49 and a 200 day moving average price of $69.76. The firm has a market capitalization of $12.46 billion, a P/E ratio of 34.85, a PEG ratio of 1.03 and a beta of 1.46. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98. Aptiv PLC has a 52 week low of $51.68 and a 52 week high of $88.93.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wolfe Research upgraded shares of Aptiv from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research note on Friday, March 6th. Morgan Stanley upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 target price for the company in a research note on Friday, May 8th. Oppenheimer cut their price target on shares of Aptiv from $106.00 to $84.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Wall Street Zen lowered Aptiv from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, President Capital began coverage on Aptiv in a research report on Wednesday, March 25th. They issued a “buy” rating and a $82.50 price objective for the company. Twenty-two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.46.

Insider Buying and Selling at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the sale, the executive vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is owned by company insiders.

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.