Aptiv (NYSE:APTV) Price Target Cut to $109.00

Aptiv (NYSE:APTV) had its target price reduced by JPMorgan Chase & Co. from $110.00 to $109.00 in a research report released on Monday, Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

Other equities analysts have also recently issued research reports about the company. Robert W. Baird cut Aptiv from an outperform rating to a neutral rating and lowered their target price for the company from $105.00 to $96.00 in a research note on Wednesday, January 3rd. Morgan Stanley lowered Aptiv from an equal weight rating to an underweight rating and reduced their target price for the stock from $90.00 to $74.00 in a report on Wednesday, February 7th. Oppenheimer reduced their target price on Aptiv from $149.00 to $148.00 and set an outperform rating for the company in a report on Thursday, February 1st. UBS Group upped their price target on Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Finally, Wells Fargo & Company lowered their price objective on Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $109.93.

Aptiv Stock Performance

APTV stock opened at $71.40 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72. The stock has a market capitalization of $19.47 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.89 and a beta of 1.90. Aptiv has a 1 year low of $68.84 and a 1 year high of $113.60. The stock’s fifty day moving average is $76.82 and its two-hundred day moving average is $81.77.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.95 billion. On average, research analysts predict that Aptiv will post 5.62 EPS for the current year.

Insider Activity

In related news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the sale, the senior vice president now owns 95,211 shares in the company, valued at approximately $7,396,942.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in APTV. Riverview Trust Co acquired a new position in Aptiv during the 1st quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Aptiv in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC bought a new position in shares of Aptiv in the fourth quarter valued at approximately $32,000. Mather Group LLC. purchased a new stake in Aptiv in the first quarter worth $33,000. Finally, Harbor Investment Advisory LLC increased its position in Aptiv by 4,166.7% in the first quarter. Harbor Investment Advisory LLC now owns 512 shares of the auto parts company’s stock worth $41,000 after buying an additional 500 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

About Aptiv

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.