Aptiv PLC (NYSE:APTV) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System cut its stake in shares of Aptiv PLC (NYSE:APTV) by 19.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,531 shares of the auto parts company’s stock after selling 3,030 shares during the period. Maryland State Retirement & Pension System’s holdings in Aptiv were worth $758,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Boston Common Asset Management LLC lifted its stake in Aptiv by 4.8% in the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock valued at $249,000 after buying an additional 188 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of Aptiv by 6.1% during the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock valued at $231,000 after acquiring an additional 219 shares during the last quarter. Insigneo Advisory Services LLC lifted its position in shares of Aptiv by 5.7% in the third quarter. Insigneo Advisory Services LLC now owns 6,205 shares of the auto parts company’s stock valued at $447,000 after acquiring an additional 337 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Aptiv by 6.2% in the third quarter. Empowered Funds LLC now owns 6,404 shares of the auto parts company’s stock worth $461,000 after acquiring an additional 375 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on APTV shares. Piper Sandler upped their target price on Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Oppenheimer upped their price objective on shares of Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, February 7th. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and lifted their target price for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. TD Cowen assumed coverage on shares of Aptiv in a research note on Friday, March 7th. They issued a “buy” rating and a $90.00 price target for the company. Finally, StockNews.com assumed coverage on shares of Aptiv in a research report on Wednesday, March 19th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $86.61.

Aptiv Stock Performance

Shares of APTV opened at $63.83 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56. The firm has a fifty day moving average of $63.88 and a 200-day moving average of $63.10. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, equities analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.45% of the company’s stock.

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.