Aptiv (NYSE:APTV) Stock Price Expected to Rise, Piper Sandler Analyst Says

Aptiv (NYSE:APTV) had its price objective increased by research analysts at Piper Sandler from $65.00 to $67.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. Piper Sandler’s price target indicates a potential upside of 7.38% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. Oppenheimer boosted their target price on shares of Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. UBS Group upped their price objective on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Evercore ISI dropped their price objective on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Barclays boosted their target price on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and increased their price target for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and an average price target of $86.61.

Aptiv Price Performance

APTV stock opened at $62.40 on Thursday. The business’s 50-day moving average is $63.82 and its two-hundred day moving average is $63.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The firm has a market capitalization of $14.32 billion, a P/E ratio of 9.07, a P/E/G ratio of 0.62 and a beta of 1.78. Aptiv has a 1 year low of $51.47 and a 1 year high of $85.56.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Analysts anticipate that Aptiv will post 7.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Aptiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in APTV. Massachusetts Financial Services Co. MA grew its holdings in Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after acquiring an additional 1,517,104 shares during the period. FMR LLC boosted its position in shares of Aptiv by 1.7% during the 4th quarter. FMR LLC now owns 7,775,251 shares of the auto parts company’s stock worth $470,247,000 after purchasing an additional 126,882 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Aptiv by 29.7% during the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after purchasing an additional 1,408,433 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Aptiv by 1,390.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after purchasing an additional 5,002,090 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Aptiv by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock valued at $234,799,000 after purchasing an additional 223,831 shares during the period. 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.