Kentucky Retirement Systems Insurance Trust Fund Cuts Stock Position in Aptiv PLC (NYSE:APTV)

Kentucky Retirement Systems Insurance Trust Fund decreased its position in shares of Aptiv PLC (NYSE:APTV) by 10.3% in the third quarter, HoldingsChannel reports. The fund owned 7,868 shares of the auto parts company’s stock after selling 907 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Aptiv were worth $567,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Independence Bank of Kentucky acquired a new stake in Aptiv in the second quarter worth about $25,000. Crewe Advisors LLC raised its position in shares of Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 215 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Aptiv during the 2nd quarter worth approximately $38,000. Finally, Capital Performance Advisors LLP acquired a new position in Aptiv during the 3rd quarter valued at approximately $43,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. StockNews.com initiated coverage on shares of Aptiv in a report on Tuesday. They set a “hold” rating on the stock. JPMorgan Chase & Co. lifted their price target on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft cut their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Oppenheimer dropped their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Bank of America cut their price target on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Two equities research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $86.53.

Aptiv Price Performance

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

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the business earned $1.30 earnings per share. The business’s revenue was down 5.1% compared to the same quarter last year. Sell-side analysts predict that Aptiv PLC will post 6.18 earnings per share for the current fiscal year.

About Aptiv

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.