Kentucky Retirement Systems Insurance Trust Fund Trims Holdings in Aptiv PLC (NYSE:APTV)

Kentucky Retirement Systems Insurance Trust Fund decreased its position in shares of Aptiv PLC (NYSE:APTV) by 10.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,868 shares of the auto parts company’s stock after selling 907 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Aptiv were worth $567,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in APTV. Wolff Wiese Magana LLC raised its stake in Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares during the period. Signaturefd LLC lifted its stake in Aptiv by 6.2% in the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after purchasing an additional 156 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 176 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Aptiv by 16.8% during the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock valued at $88,000 after purchasing an additional 176 shares in the last quarter. Finally, Crewe Advisors LLC increased its holdings in shares of Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on APTV shares. Royal Bank of Canada dropped their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a report on Friday, November 1st. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $78.00 to $87.00 in a research note on Friday, September 20th. Robert W. Baird dropped their price objective on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.53.

Aptiv Stock Performance

APTV stock opened at $52.71 on Tuesday. Aptiv PLC has a 1-year low of $52.14 and a 1-year high of $91.66. The business has a 50-day moving average price of $66.18 and a 200 day moving average price of $71.18. The company has a market capitalization of $12.39 billion, a P/E ratio of 5.88, a PEG ratio of 0.47 and a beta of 1.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

Aptiv (NYSE:APTV) last announced 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 $1.68 by $0.15. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.30 EPS. As a group, equities research analysts forecast that Aptiv PLC will post 6.18 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.