State of Michigan Retirement System cut its holdings in shares of Aptiv PLC (NYSE:APTV – Free Report) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,449 shares of the auto parts company’s stock after selling 1,000 shares during the period. State of Michigan Retirement System’s holdings in Aptiv were worth $6,089,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in shares of Aptiv by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 455,651 shares of the auto parts company’s stock valued at $40,881,000 after acquiring an additional 26,933 shares during the period. Gradient Investments LLC lifted its holdings in shares of Aptiv by 36.1% in the fourth quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock valued at $13,902,000 after purchasing an additional 41,135 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Aptiv in the fourth quarter worth $13,120,000. FIFTHDELTA Ltd purchased a new position in shares of Aptiv during the fourth quarter valued at $50,767,000. Finally, Trillium Asset Management LLC raised its position in Aptiv by 33.1% during the fourth quarter. Trillium Asset Management LLC now owns 361,249 shares of the auto parts company’s stock valued at $32,411,000 after buying an additional 89,786 shares during the period. 94.21% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Director Nancy E. Cooper sold 394 shares of the company’s stock in a transaction that occurred on 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.34% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
View Our Latest Report on Aptiv
Aptiv Stock Up 1.5 %
APTV opened at $69.45 on Wednesday. Aptiv PLC has a twelve month low of $65.13 and a twelve month high of $113.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. The business has a 50 day moving average price of $77.58 and a 200 day moving average price of $79.51. The firm has a market cap of $18.89 billion, a P/E ratio of 6.55, a price-to-earnings-growth ratio of 0.67 and a beta of 1.79.
Aptiv (NYSE:APTV – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.11. The business had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. Aptiv’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. Research analysts forecast that Aptiv PLC will post 6.01 EPS for the current year.
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.
See Also
- Five stocks we like better than Aptiv
- Why Invest in High-Yield Dividend Stocks?
- Generac Holdings Stock: Mixed Signals Leave Investors Uncertain
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Analysts and Earnings Propel the S&P 500’s Continuous Growth
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- CrowdStrike Stock Soars, Outpacing Palo Alto in Cybersecurity
Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter.