Graham Capital Management L.P. Acquires Shares of 17,687 Aptiv PLC (NYSE:APTV)

Graham Capital Management L.P. acquired a new stake in Aptiv PLC (NYSE:APTV) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,687 shares of the auto parts company’s stock, valued at approximately $1,070,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. South Dakota Investment Council increased its stake in shares of Aptiv by 32.9% during the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock worth $7,799,000 after purchasing an additional 31,941 shares during the last quarter. Focus Financial Network Inc. purchased a new stake in shares of Aptiv during the 4th quarter worth approximately $379,000. Shorepath Capital Management LLC increased its stake in shares of Aptiv by 21.8% during the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after purchasing an additional 11,835 shares during the last quarter. Diametric Capital LP purchased a new stake in shares of Aptiv during the 4th quarter worth approximately $972,000. Finally, abrdn plc purchased a new stake in shares of Aptiv during the 4th quarter worth approximately $30,374,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Up 2.8%

Shares of NYSE:APTV opened at $68.79 on Wednesday. The firm has a fifty day moving average price of $58.07 and a two-hundred day moving average price of $59.60. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv PLC has a one year low of $47.19 and a one year high of $85.35. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.62 and a beta of 1.44.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.55 by $0.14. The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.16 EPS. Analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on APTV shares. TD Cowen started coverage on shares of Aptiv in a research note on Friday, March 7th. They set a “buy” rating and a $90.00 price target for the company. StockNews.com initiated coverage on shares of Aptiv in a report on Wednesday. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Friday, February 7th. Barclays raised their price objective on shares of Aptiv from $55.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Finally, Royal Bank of Canada raised their price objective on shares of Aptiv from $60.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.06.

Insider Activity

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This trade represents a 10.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.45% of the company’s stock.

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.