Aptiv PLC (NYSE:APTV) Stake Boosted by South Dakota Investment Council

South Dakota Investment Council increased its holdings in Aptiv PLC (NYSE:APTV) by 32.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,954 shares of the auto parts company’s stock after buying an additional 31,941 shares during the quarter. South Dakota Investment Council owned about 0.05% of Aptiv worth $7,799,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in APTV. Brown Brothers Harriman & Co. lifted its position in shares of Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Aptiv during the third quarter worth $43,000. Brooklyn Investment Group acquired a new position in Aptiv during the third quarter worth $43,000. Hazlett Burt & Watson Inc. increased its position in Aptiv by 100.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 702 shares of the auto parts company’s stock worth $50,000 after buying an additional 351 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after buying an additional 677 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Down 1.4 %

Shares of APTV opened at $66.65 on Friday. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $85.56. The firm has a fifty day moving average price of $62.02 and a 200-day moving average price of $63.97. The firm has a market capitalization of $15.29 billion, a P/E ratio of 9.69, a P/E/G ratio of 0.63 and a beta of 1.74. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last announced 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 net margin of 9.07% and a return on equity of 15.63%. Equities research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. Wells Fargo & Company raised their price target on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. Hsbc Global Res upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.