Louisiana State Employees Retirement System Acquires New Stake in Aptiv PLC $APTV

Louisiana State Employees Retirement System acquired a new position in shares of Aptiv PLC (NYSE:APTV) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,800 shares of the auto parts company’s stock, valued at approximately $750,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in Aptiv during the fourth quarter worth $634,961,000. Ameriprise Financial Inc. purchased a new position in shares of Aptiv during the 3rd quarter worth $297,917,000. Balyasny Asset Management L.P. increased its position in shares of Aptiv by 6,711.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,434,076 shares of the auto parts company’s stock worth $97,833,000 after purchasing an additional 1,413,022 shares during the last quarter. Man Group plc raised its holdings in Aptiv by 155.8% in the 3rd quarter. Man Group plc now owns 2,045,025 shares of the auto parts company’s stock valued at $176,322,000 after buying an additional 1,245,533 shares during the period. Finally, Nordea Investment Management AB lifted its position in Aptiv by 34.2% in the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock valued at $349,067,000 after buying an additional 1,167,946 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Performance

APTV stock traded down $0.77 on Tuesday, hitting $58.96. The company’s stock had a trading volume of 44,955 shares, compared to its average volume of 2,946,883. The stock has a market cap 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. The firm has a 50 day moving average of $61.49 and a two-hundred day moving average of $69.71. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98. Aptiv PLC has a 1 year low of $51.68 and a 1 year high of $88.93.

Aptiv (NYSE:APTV) last announced its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The business had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the prior year, the company earned $1.69 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that Aptiv PLC will post 6.3 EPS for the current fiscal year.

Insider Transactions at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total value of $156,600.00. Following the sale, the executive vice president owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on APTV shares. HSBC reduced their price target on shares of Aptiv from $81.32 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Weiss Ratings cut Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 1st. BNP Paribas Exane cut their price objective on Aptiv from $107.00 to $83.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Zacks Research cut Aptiv from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Aptiv in a research report on Friday, June 12th. Twenty-two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.46.

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.