State of Michigan Retirement System Increases Stock Position in Aptiv PLC (NYSE:APTV)

State of Michigan Retirement System lifted its holdings in Aptiv PLC (NYSE:APTV) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,249 shares of the auto parts company’s stock after buying an additional 6,400 shares during the quarter. State of Michigan Retirement System’s holdings in Aptiv were worth $5,095,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. raised its stake in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Aptiv during the third quarter valued at $43,000. Brooklyn Investment Group purchased a new position in shares of Aptiv in the 3rd quarter worth about $43,000. CENTRAL TRUST Co boosted its stake in Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new position in Aptiv in the 3rd quarter worth about $64,000. 94.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on APTV shares. Robert W. Baird raised shares of Aptiv from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $75.00 to $82.00 in a report on Monday, January 27th. Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company lifted their target price on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada upped their price target on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Trading Up 0.0 %

Shares of APTV stock opened at $65.12 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The company has a market cap of $14.94 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 0.62 and a beta of 1.74. 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 price of $63.21 and a 200-day moving average price of $63.82.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 predict that Aptiv PLC will post 7.2 earnings per share for the current 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.