South Dakota Investment Council Boosts Stock Position in Aptiv PLC (NYSE:APTV)

South Dakota Investment Council boosted its holdings in shares of Aptiv PLC (NYSE:APTV) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,692 shares of the auto parts company’s stock after acquiring an additional 750 shares during the quarter. South Dakota Investment Council’s holdings in Aptiv were worth $780,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Aptiv in the fourth quarter valued at $29,000. GAMMA Investing LLC acquired a new position in shares of Aptiv during the fourth quarter worth about $32,000. BluePath Capital Management LLC purchased a new stake in shares of Aptiv during the third quarter worth approximately $55,000. TFC Financial Management Inc. raised its holdings in Aptiv by 44.5% in the third quarter. TFC Financial Management Inc. now owns 614 shares of the auto parts company’s stock valued at $61,000 after acquiring an additional 189 shares in the last quarter. Finally, Huntington National Bank grew its holdings in Aptiv by 248.9% during the 3rd quarter. Huntington National Bank now owns 642 shares of the auto parts company’s stock worth $63,000 after acquiring an additional 458 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of APTV stock opened at $70.13 on Friday. Aptiv PLC has a one year low of $68.84 and a one year high of $113.60. The company has a 50 day moving average price of $76.63 and a 200 day moving average price of $81.69. The firm has a market capitalization of $19.12 billion, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 0.91 and a beta of 1.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72.

Aptiv (NYSE:APTV) last released its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. Sell-side analysts anticipate that Aptiv PLC will post 5.62 EPS for the current year.

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the sale, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. Robert W. Baird cut shares of Aptiv from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $105.00 to $96.00 in a research note on Wednesday, January 3rd. Piper Sandler reduced their target price on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. Royal Bank of Canada lowered their price target on Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Finally, Morgan Stanley cut shares of Aptiv from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $90.00 to $74.00 in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and an average price target of $109.93.

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.