Aptiv (NYSE:APTV) Price Target Cut to $64.00 by Analysts at Guggenheim

Aptiv (NYSE:APTV - Get Free Report) had its target price decreased by analysts at Guggenheim from $75.00 to $64.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the auto parts company's stock. Guggenheim's target price points to a potential upside of 14.29% from the company's current price.

APTV has been the subject of several other research reports. Raymond James restated a "market perform" rating on shares of Aptiv in a research report on Monday, February 3rd. Argus raised shares of Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. Evercore ISI reduced 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. TD Cowen initiated coverage on Aptiv in a research note on Friday, March 7th. They issued a "buy" rating and a $90.00 target price for the company. Finally, StockNews.com assumed coverage on Aptiv in a research report on Sunday, April 20th. They set a "hold" rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.94.

Aptiv Price Performance

Shares of NYSE:APTV traded up $0.94 during trading on Tuesday, reaching $56.00. The stock had a trading volume of 1,451,948 shares, compared to its average volume of 3,543,977. The stock has a market capitalization of $12.85 billion, a PE ratio of 8.14, a P/E/G ratio of 0.62 and a beta of 1.64. 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 $85.56. The business's 50-day moving average price is $59.39 and its 200 day moving average price is $60.44.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, equities analysts predict that Aptiv will post 7.2 earnings per share for the current year.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the 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 sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.45% of the company's stock.

Hedge Funds Weigh In On Aptiv

Institutional investors and hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA increased its position in shares of 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 in the last quarter. FMR LLC boosted its stake in Aptiv by 1.7% in 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 during the period. Franklin Resources Inc. increased its holdings in 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 in the last quarter. Victory Capital Management Inc. raised its stake in shares of Aptiv by 6.1% in the 4th 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. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Aptiv by 19.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company's stock valued at $172,117,000 after purchasing an additional 468,069 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.