Illinois Municipal Retirement Fund Acquires 8,863 Shares of Aptiv PLC (NYSE:APTV)

Illinois Municipal Retirement Fund lifted its position in Aptiv PLC (NYSE:APTV) by 30.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 38,189 shares of the auto parts company’s stock after acquiring an additional 8,863 shares during the period. Illinois Municipal Retirement Fund’s holdings in Aptiv were worth $2,310,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC raised its position in shares of Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after purchasing an additional 1,294,670 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Aptiv by 1,390.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Franklin Resources Inc. increased its position in Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after purchasing an additional 1,090,766 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Aptiv by 19.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock worth $172,117,000 after purchasing an additional 468,069 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in Aptiv by 18.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock worth $179,189,000 after purchasing an additional 388,045 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Aptiv stock opened at $65.37 on Friday. The stock’s 50 day moving average is $62.73 and its 200 day moving average is $63.95. The company has a market capitalization of $15.00 billion, a P/E ratio of 9.50, a PEG ratio of 0.62 and a beta of 1.74. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping 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%. On average, equities research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

APTV has been the topic of a number of recent analyst reports. Raymond James reissued a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and lifted their price objective for the company from $63.00 to $77.00 in a report on Tuesday, February 4th. Argus upgraded Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Oppenheimer increased their target price on shares of Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $53.00 to $65.00 in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and a consensus price target of $85.61.

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.