California State Teachers Retirement System Sells 4,730 Shares of Aptiv PLC (NYSE:APTV)

California State Teachers Retirement System lowered its stake in Aptiv PLC (NYSE:APTV – Get Rating) by 1.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 442,245 shares of the auto parts company’s stock after selling 4,730 shares during the quarter. California State Teachers Retirement System’s holdings in Aptiv were worth $34,588,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Aptiv by 5.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,839 shares of the auto parts company’s stock worth $1,657,000 after purchasing an additional 732 shares during the period. Panagora Asset Management Inc. grew its position in shares of Aptiv by 127.8% in the 1st quarter. Panagora Asset Management Inc. now owns 10,798 shares of the auto parts company’s stock worth $1,293,000 after buying an additional 6,057 shares during the last quarter. Synovus Financial Corp increased its stake in shares of Aptiv by 15.0% during the first quarter. Synovus Financial Corp now owns 3,395 shares of the auto parts company’s stock valued at $406,000 after buying an additional 443 shares during the period. Cibc World Market Inc. raised its holdings in shares of Aptiv by 25.4% during the first quarter. Cibc World Market Inc. now owns 5,600 shares of the auto parts company’s stock valued at $670,000 after acquiring an additional 1,133 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Aptiv by 32.6% in the first quarter. Sequoia Financial Advisors LLC now owns 2,239 shares of the auto parts company’s stock worth $268,000 after acquiring an additional 551 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Raymond James upped their price objective on shares of Aptiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Oppenheimer lowered their price objective on shares of Aptiv from $159.00 to $152.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. StockNews.com initiated coverage on Aptiv in a report on Thursday. They set a “hold” rating on the stock. Cowen raised their target price on Aptiv from $134.00 to $144.00 and gave the company an “outperform” rating in a research note on Wednesday, February 15th. Finally, Citigroup upped their price target on Aptiv from $138.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, February 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and a consensus target price of $135.76.

Insider Activity at Aptiv

In other Aptiv news, COO William T. Presley sold 7,000 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $120.00, for a total transaction of $840,000.00. Following the transaction, the chief operating officer now owns 62,833 shares in the company, valued at approximately $7,539,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Aptiv news, COO William T. Presley sold 7,000 shares of Aptiv stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $120.00, for a total value of $840,000.00. Following the completion of the sale, 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 legal filing with the SEC, which is available at the SEC website. Also, CEO Kevin P. Clark sold 6,665 shares of the stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $95.34, for a total value of $635,441.10. Following the transaction, the chief executive officer now directly owns 559,237 shares in the company, valued at $53,317,655.58. The disclosure for this sale can be found here. Insiders have sold 26,995 shares of company stock valued at $3,024,121 over the last ninety days. Insiders own 0.41% of the company’s stock.

Aptiv Trading Down 4.4 %

Shares of NYSE APTV opened at $107.20 on Friday. The company has a market cap of $29.06 billion, a PE ratio of 54.97, a P/E/G ratio of 2.30 and a beta of 2.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.12 and a current ratio of 1.60. The firm’s 50 day moving average price is $111.83 and its 200-day moving average price is $100.29. Aptiv PLC has a 52-week low of $77.96 and a 52-week high of $129.18.

Aptiv (NYSE:APTV – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The auto parts company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.08. The business had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Aptiv had a return on equity of 11.29% and a net margin of 3.40%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 EPS. On average, equities research analysts expect that Aptiv PLC will post 4.33 EPS for the current fiscal year.

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.