Brokerages Set Aptiv PLC (NYSE:APTV) Price Target at $82.46

Aptiv PLC (NYSE:APTV) has been given an average recommendation of “Moderate Buy” by the twenty-four research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and twenty-two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $82.4565.

APTV has been the subject of several analyst reports. Argus reduced their price objective on Aptiv from $99.00 to $69.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. UBS Group dropped their target price on Aptiv from $97.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. BNP Paribas Exane cut their price target on Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. Oppenheimer decreased their price target on Aptiv from $106.00 to $84.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Finally, Evercore lowered their price objective on shares of Aptiv from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th.

Aptiv Trading Up 0.0%

NYSE APTV opened at $58.89 on Monday. The firm’s fifty day moving average is $61.49 and its two-hundred day moving average is $69.76. Aptiv has a one year low of $51.68 and a one year high of $88.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. The firm has a market cap of $12.46 billion, a PE ratio of 34.85, a P/E/G ratio of 1.03 and a beta of 1.46.

Aptiv (NYSE:APTV) last announced its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The business had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the prior year, the firm earned $1.69 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts expect that Aptiv will post 6.3 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the sale, the executive vice president owned 163,752 shares in the company, valued at approximately $12,821,781.60. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Aptiv

A number of hedge funds have recently added to or reduced their stakes in APTV. Westpac Banking Corp increased its position in Aptiv by 6.6% during the 4th quarter. Westpac Banking Corp now owns 1,905 shares of the auto parts company’s stock worth $145,000 after purchasing an additional 118 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Aptiv by 3.3% in the 4th quarter. Sivia Capital Partners LLC now owns 3,734 shares of the auto parts company’s stock valued at $284,000 after buying an additional 120 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Aptiv by 4.2% in the fourth quarter. Advisors Asset Management Inc. now owns 3,559 shares of the auto parts company’s stock valued at $271,000 after buying an additional 143 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Aptiv by 0.5% in the fourth quarter. Benjamin Edwards Inc. now owns 34,728 shares of the auto parts company’s stock valued at $2,642,000 after buying an additional 156 shares in the last quarter. Finally, Unified Investment Management grew its holdings in Aptiv by 1.3% during the fourth quarter. Unified Investment Management now owns 12,384 shares of the auto parts company’s stock worth $942,000 after acquiring an additional 161 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

About Aptiv

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.