Wedge Capital Management L L P NC Has $12.10 Million Stock Holdings in Aptiv PLC $APTV

Wedge Capital Management L L P NC grew its position in shares of Aptiv PLC (NYSE:APTV) by 32.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 197,161 shares of the auto parts company’s stock after buying an additional 48,247 shares during the period. Wedge Capital Management L L P NC’s holdings in Aptiv were worth $12,102,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp boosted its position in shares of Aptiv by 4.3% in the fourth quarter. State Street Corp now owns 10,066,712 shares of the auto parts company’s stock valued at $765,976,000 after acquiring an additional 419,375 shares during the period. Norges Bank bought a new position in Aptiv during the fourth quarter worth about $634,961,000. Geode Capital Management LLC raised its stake in Aptiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 5,821,615 shares of the auto parts company’s stock worth $441,289,000 after purchasing an additional 99,876 shares in the last quarter. Boston Partners boosted its holdings in Aptiv by 29.2% in the 3rd quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock valued at $361,385,000 after purchasing an additional 948,327 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Aptiv by 9.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,831,441 shares of the auto parts company’s stock valued at $261,381,000 after purchasing an additional 315,824 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Price Performance

APTV stock opened at $48.38 on Thursday. The company’s 50-day moving average price is $59.45 and its two-hundred day moving average price is $65.00. The firm has a market cap of $10.05 billion, a P/E ratio of 45.64, a P/E/G ratio of 0.96 and a beta of 1.46. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. Aptiv PLC has a 12 month low of $46.16 and a 12 month high of $88.93.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Tuesday, August 4th. The auto parts company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.21. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.31 billion. Aptiv had a net margin of 1.17% and a return on equity of 17.10%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 EPS. Aptiv has set its FY 2026 guidance at 5.600-5.800 EPS and its Q3 2026 guidance at 1.250-1.350 EPS. On average, analysts anticipate that Aptiv PLC will post 5.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the sale, the executive vice president directly owned 163,752 shares in the company, valued at $12,821,781.60. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

APTV has been the topic of several recent research reports. Royal Bank Of Canada lowered their target price on shares of Aptiv from $90.00 to $78.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Wells Fargo & Company cut their price target on Aptiv from $77.00 to $66.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Citigroup reduced their price target on Aptiv from $92.33 to $77.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, August 5th. Finally, HSBC dropped their price objective on Aptiv from $81.32 to $75.00 and set a “buy” rating for the company in a report on Monday, April 27th. Nineteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $76.72.

Aptiv Company Profile

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.