Aptiv (NYSE:APTV) Given a $70.00 Price Target by Piper Sandler Analysts

Aptiv (NYSE:APTV - Get Free Report) has been assigned a $70.00 target price by stock analysts at Piper Sandler in a report issued on Thursday, Marketbeat.com reports. The firm presently has a "neutral" rating on the auto parts company's stock. Piper Sandler's target price indicates a potential upside of 2.64% from the company's current price.

A number of other research analysts have also recently commented on APTV. Morgan Stanley reduced their price objective on Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, May 19th. Evercore ISI reduced their price target on Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Barclays upped their price target on Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. UBS Group increased their price objective on shares of Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, 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 report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $82.50.

Aptiv Trading Up 3.2%

NYSE APTV traded up $2.14 during mid-day trading on Thursday, hitting $68.20. The company's stock had a trading volume of 411,163 shares, compared to its average volume of 3,327,586. The firm has a market capitalization of $14.85 billion, a P/E ratio of 9.91, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv has a 52-week low of $47.19 and a 52-week high of $85.35. The stock's fifty day simple moving average is $58.76 and its two-hundred day simple moving average is $60.08.

Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating 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 business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the firm posted $1.16 EPS. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. Research analysts expect that Aptiv will post 7.2 EPS for the current year.

Insider Transactions at Aptiv

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

Institutional Trading of Aptiv

Institutional investors and hedge funds have recently bought and sold shares of the company. South Dakota Investment Council grew its position in shares of Aptiv by 32.9% in the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock worth $7,799,000 after acquiring an additional 31,941 shares in the last quarter. Focus Financial Network Inc. bought a new position in Aptiv during the fourth quarter worth $379,000. Diametric Capital LP acquired a new position in Aptiv in the fourth quarter worth $972,000. abrdn plc acquired a new position in Aptiv in the fourth quarter worth $30,374,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in Aptiv by 538.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 147,974 shares of the auto parts company's stock valued at $8,949,000 after purchasing an additional 124,813 shares during the last quarter. 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.