Aptiv PLC (NYSE:APTV) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Aptiv PLC (NYSE:APTV) have received an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $105.08.

A number of research firms recently commented on APTV. Piper Sandler lowered shares of Aptiv from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $78.00 to $63.00 in a research report on Wednesday, June 26th. Guggenheim increased their price objective on shares of Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Oppenheimer reduced their price objective on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Wells Fargo & Company reduced their price objective on shares of Aptiv from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 25th. Finally, Robert W. Baird increased their price objective on shares of Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd.

Insider Activity

In related news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the completion of the sale, the director now owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aptiv

Hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its holdings in shares of Aptiv by 6.3% in the 4th quarter. Wells Fargo & Company MN now owns 455,651 shares of the auto parts company’s stock worth $40,881,000 after buying an additional 26,933 shares during the last quarter. Gradient Investments LLC raised its stake in Aptiv by 36.1% in the 4th quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock valued at $13,902,000 after acquiring an additional 41,135 shares during the period. International Assets Investment Management LLC bought a new stake in Aptiv in the 4th quarter valued at about $13,120,000. FIFTHDELTA Ltd bought a new stake in shares of Aptiv during the fourth quarter valued at about $50,767,000. Finally, Trillium Asset Management LLC increased its position in shares of Aptiv by 33.1% during the fourth quarter. Trillium Asset Management LLC now owns 361,249 shares of the auto parts company’s stock valued at $32,411,000 after buying an additional 89,786 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Up 0.5 %

Shares of NYSE:APTV opened at $69.79 on Thursday. Aptiv has a one year low of $65.13 and a one year high of $113.60. The company has a 50 day moving average of $77.57 and a 200-day moving average of $79.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 6.58, a P/E/G ratio of 0.67 and a beta of 1.79.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. The business had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.99 billion. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 earnings per share. On average, sell-side analysts forecast that Aptiv will post 6.01 earnings per share for the current year.

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.