Illinois Municipal Retirement Fund Buys 9,955 Shares of Aptiv PLC $APTV

Illinois Municipal Retirement Fund raised its stake in Aptiv PLC (NYSE:APTV) by 26.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,658 shares of the auto parts company’s stock after buying an additional 9,955 shares during the period. Illinois Municipal Retirement Fund’s holdings in Aptiv were worth $3,309,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in APTV. Larson Financial Group LLC grew its position in Aptiv by 240.0% in the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 252 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 398 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in Aptiv during the fourth quarter valued at about $33,000. DV Equities LLC bought a new stake in Aptiv during the fourth quarter worth about $33,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Aptiv by 60.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 180 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Performance

Shares of APTV stock opened at $57.51 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. Aptiv PLC has a fifty-two week low of $51.68 and a fifty-two week high of $88.93. The stock has a 50 day moving average price of $61.60 and a two-hundred day moving average price of $68.44. The company has a market capitalization of $12.17 billion, a P/E ratio of 34.03, a PEG ratio of 1.07 and a beta of 1.46.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.69 EPS. Analysts expect that Aptiv PLC will post 5.93 earnings per share for the current year.

Wall Street Analyst Weigh In

APTV has been the topic of several recent research reports. Weiss Ratings lowered Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, July 1st. Robert W. Baird reduced their price target on shares of Aptiv from $105.00 to $74.00 and set an “outperform” rating on the stock in a research report on Thursday, April 2nd. Zacks Research upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Morgan Stanley upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 target price on the stock in a research report on Friday, May 8th. Finally, Piper Sandler lowered their price target on shares of Aptiv from $106.00 to $94.00 and set an “overweight” rating for the company in a research note on Monday, June 8th. Twenty-two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and a consensus target price of $82.50.

Insiders Place Their Bets

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the sale, the executive vice president owned 163,752 shares in the company, valued at approximately $12,821,781.60. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.06% of the company’s stock.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.