Teachers Retirement System of The State of Kentucky Makes New $11.16 Million Investment in Aptiv PLC (NYSE:APTV)

Teachers Retirement System of The State of Kentucky bought a new stake in Aptiv PLC (NYSE:APTV – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 142,706 shares of the auto parts company’s stock, valued at approximately $11,161,000. Teachers Retirement System of The State of Kentucky owned about 0.05% of Aptiv at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Salem Investment Counselors Inc. boosted its stake in shares of Aptiv by 176.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 176 shares during the last quarter. Guardian Wealth Advisors LLC acquired a new stake in shares of Aptiv in the 3rd quarter valued at approximately $28,000. Neo Ivy Capital Management raised its position in shares of Aptiv by 80.2% in the 2nd quarter. Neo Ivy Capital Management now owns 728 shares of the auto parts company’s stock valued at $64,000 after acquiring an additional 324 shares during the period. Private Trust Co. NA acquired a new stake in shares of Aptiv in the 2nd quarter valued at approximately $73,000. Finally, CI Investments Inc. raised its position in shares of Aptiv by 60.8% in the 3rd quarter. CI Investments Inc. now owns 857 shares of the auto parts company’s stock valued at $67,000 after acquiring an additional 324 shares during the period. Institutional investors own 90.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on APTV shares. Barclays started coverage on shares of Aptiv in a research report on Tuesday, February 14th. They issued an “overweight” rating and a $150.00 price target on the stock. StockNews.com assumed coverage on shares of Aptiv in a report on Thursday. They set a “hold” rating on the stock. Cowen raised their target price on shares of Aptiv from $134.00 to $144.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. Wells Fargo & Company raised their target price on shares of Aptiv from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 15th. Finally, Raymond James raised their target price on shares of Aptiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.76.

Insiders Place Their Bets

In other Aptiv news, COO William T. Presley sold 7,000 shares of Aptiv stock in a transaction on Monday, March 6th. The shares were sold at an average price of $120.00, for a total transaction of $840,000.00. Following the completion of the transaction, the chief operating officer now directly owns 62,833 shares of the company’s stock, valued at $7,539,960. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Kevin P. Clark sold 6,665 shares of the business’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $116.54, for a total value of $776,739.10. Following the completion of the sale, the chief executive officer now owns 532,577 shares of the company’s stock, valued at $62,066,523.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO William T. Presley sold 7,000 shares of the business’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 completion of the sale, the chief operating officer now directly owns 62,833 shares of the company’s stock, valued at approximately $7,539,960. The disclosure for this sale can be found here. Insiders sold a total of 26,995 shares of company stock valued at $3,024,121 over the last ninety days. 0.41% of the stock is currently owned by company insiders.

Aptiv Price Performance

NYSE:APTV opened at $112.17 on Friday. Aptiv PLC has a 1-year low of $77.96 and a 1-year high of $129.18. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $111.65 and a 200 day simple moving average of $100.16. The stock has a market capitalization of $30.39 billion, a PE ratio of 57.52, a P/E/G ratio of 2.33 and a beta of 2.04.

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

Aptiv 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.