Aptiv (NYSE:APTV) Price Target Raised to $65.00

Aptiv (NYSE:APTV - Get Free Report) had its price objective upped by Barclays from $55.00 to $65.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the auto parts company's stock. Barclays's price objective would suggest a potential upside of 6.39% from the company's current price.

A number of other equities research analysts also recently commented on APTV. Wells Fargo & Company dropped their price objective on shares of Aptiv from $77.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. UBS Group lifted their price target on Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price objective on the stock in a report on Friday, February 7th. Robert W. Baird lowered their price target on Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, Baird R W raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $82.06.

Aptiv Price Performance

Shares of Aptiv stock traded up $2.18 during trading hours on Monday, reaching $61.10. The stock had a trading volume of 1,955,558 shares, compared to its average volume of 3,490,794. Aptiv has a twelve month low of $47.19 and a twelve month high of $85.35. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $13.30 billion, a PE ratio of 8.88, a PEG ratio of 0.62 and a beta of 1.44. The stock's 50 day moving average is $58.03 and its 200 day moving average is $59.80.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The company had revenue of $4.83 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts expect that Aptiv will post 7.2 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.45% of the company's stock.

Institutional Investors Weigh In On Aptiv

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UNIVEST FINANCIAL Corp increased its holdings in shares of Aptiv by 60.5% in the 1st quarter. UNIVEST FINANCIAL Corp now owns 42,826 shares of the auto parts company's stock valued at $2,548,000 after purchasing an additional 16,136 shares in the last quarter. Wealthquest Corp purchased a new position in Aptiv in the first quarter valued at about $158,000. Natixis Advisors LLC lifted its position in shares of Aptiv by 29.2% during the 1st quarter. Natixis Advisors LLC now owns 67,017 shares of the auto parts company's stock valued at $3,988,000 after acquiring an additional 15,164 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Aptiv by 159.1% during the 1st quarter. Arkadios Wealth Advisors now owns 10,596 shares of the auto parts company's stock worth $630,000 after acquiring an additional 6,506 shares in the last quarter. Finally, Eastern Bank acquired a new stake in shares of Aptiv in the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Company Profile

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.