Wolfe Research downgraded shares of Aptiv (NYSE:APTV) from an outperform rating to a peer perform rating in a research note issued to investors on Thursday morning, Briefing.com Automated Import reports.
Several other research firms also recently issued reports on APTV. Zacks Investment Research raised Aptiv from a sell rating to a hold rating in a research note on Tuesday, April 16th. Morgan Stanley cut their price target on Aptiv from $70.00 to $69.00 and set an underweight rating for the company in a research note on Monday, April 15th. Jefferies Financial Group lifted their price target on Aptiv from $100.00 to $107.00 and gave the stock a buy rating in a research note on Friday, April 12th. Buckingham Research downgraded shares of Aptiv from a buy rating to a neutral rating and set a $81.96 target price for the company. in a research note 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. One research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $92.25.
Shares of NYSE APTV opened at $90.34 on Thursday. The firm has a market cap of $23.30 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 1.53 and a beta of 1.79. Aptiv has a one year low of $58.80 and a one year high of $103.23. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.95 and a current ratio of 1.29.
Aptiv (NYSE:APTV) last issued its earnings results on Thursday, January 31st. The auto parts company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.21 by $0.13. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.53 billion. Aptiv had a net margin of 7.39% and a return on equity of 37.39%. Analysts forecast that Aptiv will post 5.31 EPS for the current year.
In other news, SVP David M. Sherbin sold 19,689 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $86.79, for a total transaction of $1,708,808.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Majdi Abulaban sold 25,130 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $2,010,400.00. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. PRW Wealth Management LLC acquired a new position in shares of Aptiv during the 4th quarter valued at about $28,000. Laurel Wealth Advisors LLC acquired a new position in shares of Aptiv during the 4th quarter valued at about $34,000. Resources Investment Advisors Inc. acquired a new position in shares of Aptiv during the 4th quarter valued at about $34,000. Enlightenment Research LLC acquired a new position in shares of Aptiv during the 4th quarter valued at about $36,000. Finally, Truvestments Capital LLC acquired a new position in shares of Aptiv during the 1st quarter valued at about $50,000. 96.62% of the stock is owned by institutional investors.
Aptiv Company Profile
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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