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

Aptiv (NYSE:APTV - Get Free Report) has been assigned a $70.00 price objective by research analysts at Piper Sandler in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has a "neutral" rating on the auto parts company's stock. Piper Sandler's target price would suggest a potential upside of 4.56% from the company's previous close.

Several other equities analysts also recently commented on APTV. Robert W. Baird dropped their price target on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. TD Cowen initiated coverage on shares of Aptiv in a research note on Friday, March 7th. They issued a "buy" rating and a $90.00 price target for the company. Raymond James restated a "market perform" rating on shares of Aptiv in a research note on Monday, February 3rd. Royal Bank of Canada boosted their target price on shares of Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Guggenheim lowered their target price on shares of Aptiv from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and an average target price of $82.50.

Aptiv Stock Down 0.0%

APTV stock opened at $66.95 on Thursday. The firm has a market cap of $14.58 billion, a PE ratio of 9.73, a PEG ratio of 0.62 and a beta of 1.44. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The firm's 50 day moving average price is $58.63 and its 200-day moving average price is $59.86. Aptiv has a one year low of $47.19 and a one year high of $85.35.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 earnings per share. On average, equities research analysts anticipate that Aptiv will post 7.2 EPS for the current year.

Insider Buying and Selling at Aptiv

In other 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 sale, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. South Dakota Investment Council increased its stake in shares of Aptiv by 32.9% during the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock worth $7,799,000 after purchasing an additional 31,941 shares in the last quarter. Focus Financial Network Inc. purchased a new position in shares of Aptiv during the 4th quarter worth approximately $379,000. Diametric Capital LP purchased a new position in shares of Aptiv during the 4th quarter worth approximately $972,000. abrdn plc purchased a new position in shares of Aptiv during the 4th quarter worth approximately $30,374,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Aptiv by 538.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 147,974 shares of the auto parts company's stock worth $8,949,000 after purchasing an additional 124,813 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

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.