17,298 Shares in Aptiv PLC (NYSE:APTV) Acquired by Wexford Capital LP

Wexford Capital LP bought a new position in Aptiv PLC (NYSE:APTV) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 17,298 shares of the auto parts company’s stock, valued at approximately $1,046,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in APTV. Picton Mahoney Asset Management purchased a new stake in Aptiv in the 4th quarter worth approximately $37,000. CENTRAL TRUST Co grew its holdings in Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after acquiring an additional 677 shares during the last quarter. GeoWealth Management LLC grew its holdings in Aptiv by 203.2% during the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock worth $92,000 after acquiring an additional 1,022 shares during the last quarter. Quarry LP bought a new position in shares of Aptiv in the 4th quarter valued at about $105,000. Finally, Covestor Ltd boosted its stake in shares of Aptiv by 11.4% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 186 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This trade represents a 10.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.

Aptiv Stock Performance

NYSE APTV opened at $68.21 on Monday. The stock has a market capitalization of $14.85 billion, a PE ratio of 9.91, a P/E/G ratio of 0.62 and a beta of 1.44. The business has a 50 day simple moving average of $58.30 and a two-hundred day simple moving average 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 1-year low of $47.19 and a 1-year high of $85.35.

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

Analyst Ratings Changes

Several research firms recently weighed in on APTV. Wells Fargo & Company reduced their price objective on shares of Aptiv from $77.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. StockNews.com started coverage on shares of Aptiv in a report on Wednesday, May 14th. They set a “hold” rating on the stock. Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. Piper Sandler lifted their price objective on shares of Aptiv from $65.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Finally, Royal Bank of Canada boosted their target price on shares of Aptiv from $60.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.06.

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.