The Goldman Sachs Group Cuts Aptiv (NYSE:APTV) Price Target to $71.00

Aptiv (NYSE:APTV) had its target price lowered by The Goldman Sachs Group from $82.00 to $71.00 in a report issued on Wednesday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the auto parts company’s stock.

Several other brokerages also recently commented on APTV. Wells Fargo & Company reduced their target price on shares of Aptiv from $77.00 to $66.00 and set an “overweight” rating for the company in a report on Wednesday. Weiss Ratings raised Aptiv from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Argus lowered their target price on Aptiv from $99.00 to $69.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Evercore reduced their price target on Aptiv from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. decreased their price objective on Aptiv from $84.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, July 10th. Nineteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $77.50.

Aptiv Trading Up 6.8%

Shares of NYSE:APTV opened at $49.46 on Wednesday. Aptiv has a 52-week low of $46.16 and a 52-week high of $88.93. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.57 and a current ratio of 2.02. The company has a market capitalization of $10.27 billion, a P/E ratio of 46.66, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. The company has a 50-day simple moving average of $60.88 and a 200 day simple moving average of $65.70.

Aptiv (NYSE:APTV) last issued its earnings results on Tuesday, August 4th. The auto parts company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.42 by $0.21. Aptiv had a return on equity of 17.10% and a net margin of 1.17%.The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the company posted $2.12 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Aptiv has set its FY 2026 guidance at 5.600-5.800 EPS and its Q3 2026 guidance at 1.250-1.350 EPS. Sell-side analysts forecast that Aptiv will post 5.72 earnings per share for the current year.

Insiders Place Their Bets

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the sale, the executive vice president owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Aptiv

Hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC grew its position in Aptiv by 502.1% during the 1st quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock worth $926,000 after acquiring an additional 12,973 shares during the last quarter. Woodline Partners LP raised its position in Aptiv by 439.2% in the first quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock valued at $4,528,000 after purchasing an additional 61,994 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Aptiv by 110.7% during the first quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock valued at $566,000 after purchasing an additional 4,998 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 398 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Aptiv by 523.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,561 shares of the auto parts company’s stock worth $175,000 after purchasing an additional 2,150 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.