Kentucky Retirement Systems Has $1.69 Million Position in Aptiv PLC (NYSE:APTV)

Kentucky Retirement Systems lowered its holdings in Aptiv PLC (NYSE:APTV) by 6.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,191 shares of the auto parts company’s stock after selling 1,441 shares during the quarter. Kentucky Retirement Systems’ holdings in Aptiv were worth $1,688,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Riverview Trust Co bought a new position in Aptiv during the 1st quarter valued at $25,000. Hazlett Burt & Watson Inc. bought a new stake in shares of Aptiv during the 1st quarter worth $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Aptiv during the 4th quarter worth $29,000. GAMMA Investing LLC bought a new stake in shares of Aptiv during the 4th quarter worth $32,000. Finally, Clearstead Trust LLC raised its stake in shares of Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 305 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the completion of the transaction, the director now directly owns 13,636 shares in the company, valued at $1,049,699.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.34% of the stock is owned by company insiders.

Aptiv Stock Performance

Shares of NYSE:APTV traded up $0.91 during midday trading on Friday, reaching $68.74. 2,032,880 shares of the company traded hands, compared to its average volume of 2,876,458. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. Aptiv PLC has a 12 month low of $65.13 and a 12 month high of $113.14. The firm has a market capitalization of $18.70 billion, a price-to-earnings ratio of 6.48, a price-to-earnings-growth ratio of 0.66 and a beta of 1.79. The firm’s fifty day moving average price is $74.57 and its two-hundred day moving average price is $77.26.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The business had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. On average, equities analysts expect that Aptiv PLC will post 5.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Guggenheim lifted their target price on Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Bank of America lowered their target price on Aptiv from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Robert W. Baird lowered their target price on Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Oppenheimer restated an “outperform” rating and issued a $145.00 price objective on shares of Aptiv in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company dropped their price objective on shares of Aptiv from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.71.

Aptiv 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.