Aptiv (NYSE:APTV) had its price objective trimmed by Morgan Stanley from $70.00 to $69.00 in a research report report published on Monday, BenzingaRatingsTable reports. The brokerage currently has an underweight rating on the auto parts company’s stock.
A number of other analysts have also recently commented on the stock. Jefferies Financial Group upped their target price on shares of Aptiv from $100.00 to $107.00 and gave the company a buy rating in a report on Friday. Zacks Investment Research cut shares of Aptiv from a hold rating to a sell rating in a report on Monday, April 8th. Oppenheimer began coverage on shares of Aptiv in a report on Thursday, March 28th. They set an outperform rating and a $93.00 target price for the company. Buckingham Research cut shares of Aptiv from a buy rating to a neutral rating and set a $81.96 target price for the company. in a report on Monday, March 18th. Finally, Goldman Sachs Group raised shares of Aptiv from a buy rating to a conviction-buy rating in a research note on Wednesday, February 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Aptiv presently has an average rating of Buy and an average target price of $92.25.
Shares of APTV stock opened at $89.72 on Monday. Aptiv has a 12 month low of $58.80 and a 12 month high of $103.23. The company has a market cap of $22.97 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.79. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 0.95.
Aptiv (NYSE:APTV) last announced its earnings results on Thursday, January 31st. The auto parts company reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.13. Aptiv had a net margin of 7.39% and a return on equity of 37.39%. The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.53 billion. As a group, research analysts predict that Aptiv will post 5.32 earnings per share for the current year.
In related news, SVP Majdi Abulaban sold 25,130 shares of the firm’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $2,010,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David M. Sherbin sold 19,689 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $86.79, for a total transaction of $1,708,808.31. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of APTV. Vanguard Group Inc. lifted its position in Aptiv by 1.6% during the third quarter. Vanguard Group Inc. now owns 22,946,461 shares of the auto parts company’s stock valued at $1,925,209,000 after purchasing an additional 360,751 shares during the last quarter. Vanguard Group Inc lifted its position in Aptiv by 1.6% during the third quarter. Vanguard Group Inc now owns 22,946,461 shares of the auto parts company’s stock valued at $1,925,209,000 after purchasing an additional 360,751 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Aptiv by 11.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,838,589 shares of the auto parts company’s stock valued at $728,902,000 after purchasing an additional 1,234,844 shares during the last quarter. Norges Bank bought a new position in Aptiv during the fourth quarter valued at $380,134,000. Finally, Neuberger Berman Group LLC lifted its position in Aptiv by 11.7% during the third quarter. Neuberger Berman Group LLC now owns 6,083,604 shares of the auto parts company’s stock valued at $510,434,000 after purchasing an additional 638,972 shares during the last quarter. 96.61% of the stock is owned by institutional investors.
Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.
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