South Dakota Investment Council Buys 750 Shares of Aptiv PLC (NYSE:APTV)

South Dakota Investment Council grew its holdings in shares of Aptiv PLC (NYSE:APTV) by 9.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,692 shares of the auto parts company’s stock after purchasing 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 reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of APTV. Assetmark Inc. lifted its stake in Aptiv by 7.8% in the 3rd quarter. Assetmark Inc. now owns 1,780 shares of the auto parts company’s stock worth $175,000 after purchasing an additional 129 shares in the last quarter. Steph & Co. boosted its position in shares of Aptiv by 4.3% during the 3rd quarter. Steph & Co. now owns 3,149 shares of the auto parts company’s stock valued at $310,000 after acquiring an additional 130 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Aptiv by 2.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock valued at $578,000 after purchasing an additional 145 shares during the last quarter. Bangor Savings Bank raised its position in shares of Aptiv by 1.4% during the 4th quarter. Bangor Savings Bank now owns 11,648 shares of the auto parts company’s stock valued at $1,045,000 after buying an additional 163 shares in the last quarter. Finally, TFC Financial Management Inc. boosted its holdings in shares of Aptiv by 44.5% in the 3rd quarter. TFC Financial Management Inc. now owns 614 shares of the auto parts company’s stock worth $61,000 after purchasing an additional 189 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on APTV shares. Royal Bank of Canada dropped their target price on Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Piper Sandler cut their price target on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. JPMorgan Chase & Co. decreased their price target on shares of Aptiv from $110.00 to $109.00 and set an “overweight” rating for the company in a research note on Monday. Robert W. Baird cut shares of Aptiv from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $105.00 to $96.00 in a report on Wednesday, January 3rd. Finally, UBS Group lifted their target price on shares of Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.93.

Insider Activity

In other news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.34% of the company’s stock.

Aptiv Stock Performance

Shares of APTV stock opened at $70.13 on Friday. The business has a 50-day simple moving average of $76.63 and a 200-day simple moving average of $81.69. The stock has a market cap of $19.12 billion, a PE ratio of 6.77, a price-to-earnings-growth ratio of 0.91 and a beta of 1.90. Aptiv PLC has a 52-week low of $68.84 and a 52-week high of $113.60. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Aptiv (NYSE:APTV) last issued its quarterly 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. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.95 billion. On average, equities analysts expect that Aptiv PLC will post 5.62 EPS for the current year.

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.