Aptiv (NYSE:APTV) PT Raised to $94.00

Aptiv (NYSE:APTV) had its price objective upped by Guggenheim from $92.00 to $94.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the auto parts company’s stock. Guggenheim’s price objective points to a potential upside of 13.29% from the stock’s previous close.

A number of other analysts have also recently weighed in on APTV. Wells Fargo & Company dropped their price target on Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Citigroup lowered their price target on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Morgan Stanley downgraded shares of Aptiv from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $90.00 to $74.00 in a research report on Wednesday, February 7th. Robert W. Baird raised their price target on shares of Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, UBS Group boosted their price objective on Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and an average target price of $108.31.

Aptiv Stock Performance

NYSE:APTV traded down $0.03 during trading hours on Wednesday, reaching $82.97. 789,490 shares of the stock were exchanged, compared to its average volume of 2,733,753. Aptiv has a 52 week low of $68.84 and a 52 week high of $113.60. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $22.57 billion, a P/E ratio of 7.78, a P/E/G ratio of 0.97 and a beta of 1.90. The firm has a 50 day simple moving average of $76.35 and a 200-day simple moving average of $80.42.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The firm had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Aptiv will post 5.99 earnings per share for the current fiscal year.

Insider Transactions at Aptiv

In other 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 directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Aptiv

A number of large investors have recently made changes to their positions in the company. Riverview Trust Co acquired a new stake in Aptiv during the 1st quarter valued at $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Aptiv during the fourth quarter valued at $29,000. Hazlett Burt & Watson Inc. acquired a new position in Aptiv during the first quarter valued at $28,000. GAMMA Investing LLC purchased a new stake in Aptiv in the 4th quarter worth about $32,000. Finally, Mather Group LLC. purchased a new position in Aptiv during the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.