Aptiv PLC (NYSE:APTV) Position Raised by Texas Permanent School Fund

Posted by on May 8th, 2023

Texas Permanent School Fund increased its position in shares of Aptiv PLC (NYSE:APTV – Get Rating) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,497 shares of the auto parts company’s stock after purchasing an additional 162 shares during the period. Texas Permanent School Fund’s holdings in Aptiv were worth $3,585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kentucky Retirement Systems increased its holdings in shares of Aptiv by 0.4% in the fourth quarter. Kentucky Retirement Systems now owns 21,301 shares of the auto parts company’s stock valued at $1,984,000 after buying an additional 93 shares in the last quarter. Toroso Investments LLC increased its holdings in shares of Aptiv by 3.3% in the third quarter. Toroso Investments LLC now owns 3,320 shares of the auto parts company’s stock valued at $260,000 after buying an additional 107 shares in the last quarter. Hemenway Trust Co LLC increased its holdings in shares of Aptiv by 0.4% in the third quarter. Hemenway Trust Co LLC now owns 29,333 shares of the auto parts company’s stock valued at $2,294,000 after buying an additional 116 shares in the last quarter. Fortis Advisors LLC grew its position in Aptiv by 4.5% during the 3rd quarter. Fortis Advisors LLC now owns 2,875 shares of the auto parts company’s stock worth $225,000 after purchasing an additional 125 shares in the last quarter. Finally, FDx Advisors Inc. grew its position in Aptiv by 4.2% during the 3rd quarter. FDx Advisors Inc. now owns 3,173 shares of the auto parts company’s stock worth $248,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on APTV. Wells Fargo & Company lowered their price objective on shares of Aptiv from $120.00 to $113.00 and set an “equal weight” rating on the stock in a research report on Monday, April 10th. Barclays lowered their price objective on shares of Aptiv from $150.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, April 17th. Raymond James lifted their price objective on shares of Aptiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Robert W. Baird lowered their price objective on shares of Aptiv from $141.00 to $135.00 in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Aptiv from $136.00 to $128.00 in a research report on Friday. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and an average price target of $133.79.

Aptiv Stock Up 1.5 %

APTV stock opened at $93.42 on Monday. The company has a current ratio of 1.71, a quick ratio of 1.12 and a debt-to-equity ratio of 0.71. Aptiv PLC has a 1 year low of $77.96 and a 1 year high of $124.88. The company has a fifty day simple moving average of $107.95 and a 200 day simple moving average of $104.46. The firm has a market cap of $25.31 billion, a PE ratio of 42.08, a PEG ratio of 1.94 and a beta of 2.02.

Aptiv (NYSE:APTV – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The auto parts company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.02. Aptiv had a net margin of 3.68% and a return on equity of 12.00%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.59 billion. During the same quarter in the previous year, the business earned $0.63 EPS. Aptiv’s quarterly revenue was up 16.0% compared to the same quarter last year. Sell-side analysts anticipate that Aptiv PLC will post 4.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other Aptiv news, COO William T. Presley sold 7,000 shares of the business’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $120.00, for a total transaction of $840,000.00. Following the completion of the transaction, the chief operating officer now owns 62,833 shares of the company’s stock, valued at approximately $7,539,960. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Aptiv news, COO William T. Presley sold 7,000 shares of the business’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $120.00, for a total transaction of $840,000.00. Following the completion of the transaction, the chief operating officer now owns 62,833 shares of the company’s stock, valued at approximately $7,539,960. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nancy E. Cooper sold 669 shares of the business’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $103.35, for a total transaction of $69,141.15. Following the transaction, the director now directly owns 11,515 shares of the company’s stock, valued at approximately $1,190,075.25. The disclosure for this sale can be found here. Insiders sold a total of 27,664 shares of company stock valued at $3,157,979 in the last quarter. Insiders own 0.41% of the company’s stock.

Aptiv Company Profile

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Aptiv Plc is a technology and mobility architecture company, which engages in the business of designing and manufacturing vehicle components; providing electrical, electronic, and active safety technology solutions to the global automotive and commercial vehicle markets; and creating the software and hardware foundation for vehicle features and functionality.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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