Aptiv PLC (NYSE:APTV) Receives $108.31 Consensus PT from Analysts

Shares of Aptiv PLC (NYSE:APTV - Get Free Report) have been assigned an average rating of "Moderate Buy" from the thirteen research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $108.31.

Several research firms have commented on APTV. Piper Sandler dropped their target price on Aptiv from $80.00 to $79.00 and set a "neutral" rating on the stock in a report on Thursday, February 1st. Wells Fargo & Company dropped their price target on shares of Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. JPMorgan Chase & Co. raised their price objective on shares of Aptiv from $109.00 to $113.00 and gave the company an "overweight" rating in a research note on Tuesday, May 7th. Oppenheimer dropped their target price on shares of Aptiv from $148.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, May 3rd. Finally, Morgan Stanley downgraded shares of Aptiv from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $90.00 to $74.00 in a research report on Wednesday, February 7th.

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the transaction, the senior vice president now directly owns 95,211 shares of the company's stock, valued at $7,396,942.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by company insiders.

Institutional Trading of Aptiv

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital World Investors bought a new position in Aptiv in the 1st quarter worth $343,760,000. Norges Bank bought a new position in shares of Aptiv in the fourth quarter worth about $302,902,000. Massachusetts Financial Services Co. MA grew its position in shares of Aptiv by 17.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company's stock worth $854,210,000 after purchasing an additional 1,405,569 shares in the last quarter. Vanguard Group Inc. raised its stake in Aptiv by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company's stock valued at $3,092,966,000 after purchasing an additional 1,265,774 shares during the period. Finally, Ariel Investments LLC purchased a new position in Aptiv in the 1st quarter worth approximately $85,880,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Stock Down 1.4 %

APTV stock traded down $1.12 during midday trading on Wednesday, hitting $81.72. The stock had a trading volume of 1,893,666 shares, compared to its average volume of 2,687,921. The business has a 50-day moving average of $76.75 and a two-hundred day moving average of $80.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 0.84 and a beta of 1.90. Aptiv has a 52-week low of $68.84 and a 52-week high of $113.60.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Aptiv's quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts forecast that Aptiv will post 6 earnings per share for the current fiscal year.

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.