Louisiana State Employees Retirement System Cuts Stake in Aptiv PLC (NYSE:APTV)

Louisiana State Employees Retirement System lessened its holdings in Aptiv PLC (NYSE:APTV) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,000 shares of the auto parts company’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Aptiv were worth $1,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in APTV. Shayne & Jacobs LLC grew its stake in shares of Aptiv by 34.2% during the third quarter. Shayne & Jacobs LLC now owns 14,020 shares of the auto parts company’s stock valued at $1,010,000 after buying an additional 3,570 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in Aptiv during the 3rd quarter worth approximately $765,000. Ballentine Partners LLC increased its stake in Aptiv by 14.5% in the 3rd quarter. Ballentine Partners LLC now owns 3,768 shares of the auto parts company’s stock worth $271,000 after purchasing an additional 478 shares during the period. Tectonic Advisors LLC lifted its position in Aptiv by 12.9% in the third quarter. Tectonic Advisors LLC now owns 16,184 shares of the auto parts company’s stock valued at $1,165,000 after purchasing an additional 1,845 shares during the last quarter. Finally, Values First Advisors Inc. purchased a new stake in shares of Aptiv during the third quarter valued at approximately $191,000. 94.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Morgan Stanley decreased their target price on shares of Aptiv from $70.00 to $68.00 and set an “underweight” rating on the stock in a research note on Wednesday, September 25th. UBS Group lowered their price objective on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Bank of America cut their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Citigroup lowered their price target on Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Finally, Royal Bank of Canada cut their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $88.18.

Aptiv Trading Down 0.8 %

NYSE:APTV opened at $56.37 on Friday. Aptiv PLC has a one year low of $54.70 and a one year high of $91.66. The company’s 50-day simple moving average is $69.58 and its 200 day simple moving average is $72.41. The firm has a market capitalization of $14.98 billion, a P/E ratio of 4.26, a PEG ratio of 0.63 and a beta of 1.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.14. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 EPS. As a group, analysts forecast that Aptiv PLC will post 6.23 EPS for the current fiscal year.

Aptiv Company 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.