Aptiv PLC (NYSE:APTV) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Aptiv PLC (NYSE:APTV) have been assigned an average rating of “Moderate Buy” from the twenty-four ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, sixteen have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $86.61.

APTV has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Barclays raised their target price on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and upped their price target for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Finally, UBS Group upped their target price on shares of Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 7th.

Insider Buying and Selling

In other news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aptiv

A number of institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in Aptiv during the 4th quarter worth approximately $106,492,000. Pictet Asset Management Holding SA grew its holdings in shares of Aptiv by 1,018.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock valued at $102,262,000 after buying an additional 1,539,724 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position 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 valued at $864,206,000 after buying an additional 1,517,104 shares during the period. Franklin Resources Inc. lifted its stake in Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after acquiring an additional 1,408,433 shares in the last quarter. Finally, Paloma Partners Management Co boosted its position in Aptiv by 968.7% during the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company’s stock worth $55,007,000 after acquiring an additional 824,400 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

APTV stock opened at $53.07 on Friday. The stock’s 50 day simple moving average is $63.55 and its 200 day simple moving average is $62.69. Aptiv has a 12-month low of $50.10 and a 12-month high of $85.56. The firm has a market cap of $12.18 billion, a P/E ratio of 7.71, a P/E/G ratio of 0.62 and a beta of 1.78. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

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, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, equities research analysts predict that Aptiv will post 7.2 EPS 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.