Wexford Capital LP Invests $1.05 Million in Aptiv PLC (NYSE:APTV)

Wexford Capital LP acquired a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 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 recently added to or reduced their stakes in the stock. South Dakota Investment Council grew its holdings in Aptiv by 32.9% in the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock valued at $7,799,000 after buying an additional 31,941 shares during the period. Focus Financial Network Inc. purchased a new stake in Aptiv in the 4th quarter valued at about $379,000. Diametric Capital LP purchased a new stake in Aptiv in the 4th quarter valued at about $972,000. abrdn plc purchased a new stake in Aptiv in the 4th quarter valued at about $30,374,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Aptiv by 538.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 147,974 shares of the auto parts company's stock valued at $8,949,000 after buying an additional 124,813 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Insider Activity

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business'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 directly owns 125,237 shares of the company's stock, valued at $8,203,023.50. The trade was a 10.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.45% of the company's stock.

Aptiv Price Performance

Shares of NYSE:APTV traded down $0.84 on Friday, reaching $66.13. 1,530,815 shares of the company traded hands, compared to its average volume of 3,507,199. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $85.35. The company's 50 day moving average is $58.70 and its 200-day moving average is $59.94. The stock has a market capitalization of $14.40 billion, a PE ratio of 9.61, a P/E/G ratio of 0.62 and a beta of 1.44. 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 (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The company had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The company's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on APTV shares. Piper Sandler set a $70.00 price target on Aptiv and gave the company a "neutral" rating in a report on Thursday. Morgan Stanley lowered their price target on Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a report on Monday, May 19th. HSBC upgraded Aptiv from a "hold" rating to a "buy" rating and lifted their price target for the company from $63.00 to $77.00 in a report on Tuesday, February 4th. Argus upgraded Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada boosted their target price on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $82.50.

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.