State of Michigan Retirement System Has $5.10 Million Holdings in Aptiv PLC (NYSE:APTV)

State of Michigan Retirement System raised its stake in shares of Aptiv PLC (NYSE:APTV) by 8.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 84,249 shares of the auto parts company’s stock after purchasing an additional 6,400 shares during the period. State of Michigan Retirement System’s holdings in Aptiv were worth $5,095,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its stake in shares of Aptiv by 3.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,762 shares of the auto parts company’s stock worth $775,000 after acquiring an additional 371 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Aptiv by 16.8% during the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after purchasing an additional 176 shares during the last quarter. National Pension Service grew its position in Aptiv by 16.6% in the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after purchasing an additional 71,633 shares in the last quarter. QRG Capital Management Inc. increased its stake in Aptiv by 20.5% in the 3rd quarter. QRG Capital Management Inc. now owns 16,067 shares of the auto parts company’s stock valued at $1,157,000 after buying an additional 2,735 shares during the last quarter. Finally, 1834 Investment Advisors Co. lifted its position in shares of Aptiv by 6.6% during the 3rd quarter. 1834 Investment Advisors Co. now owns 4,483 shares of the auto parts company’s stock worth $323,000 after buying an additional 276 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Price Performance

Shares of Aptiv stock opened at $65.12 on Friday. The stock has a market capitalization of $14.94 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. The company has a fifty day moving average of $63.21 and a 200-day moving average of $63.82. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Equities research analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on APTV shares. StockNews.com began coverage on Aptiv in a research report on Monday. They set a “hold” rating for the company. Piper Sandler raised Aptiv from an “underweight” rating to a “neutral” rating and raised their target price for the company from $53.00 to $65.00 in a research report on Thursday, January 23rd. HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and lifted their target price for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. UBS Group increased their price target on shares of Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.61.

Aptiv 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.