Aptiv (NYSE:APTV) Shares Gap Up to $69.75

Aptiv PLC (NYSE:APTV - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $69.75, but opened at $75.42. Aptiv shares last traded at $75.81, with a volume of 1,136,214 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays decreased their price target on shares of Aptiv from $112.00 to $110.00 and set an "overweight" rating on the stock in a report on Thursday, April 11th. Guggenheim lowered their price target on Aptiv from $103.00 to $92.00 and set a "buy" rating for the company in a research report on Wednesday, April 17th. Robert W. Baird lowered Aptiv from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $105.00 to $96.00 in a research note on Wednesday, January 3rd. UBS Group lifted their price objective on Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. decreased their target price on Aptiv from $110.00 to $109.00 and set an "overweight" rating for the company in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Aptiv has an average rating of "Moderate Buy" and an average target price of $109.93.

Aptiv Trading Up 11.5 %

The stock has a market cap of $21.21 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 0.89 and a beta of 1.90. The firm's 50 day simple moving average is $76.05 and its two-hundred day simple moving average is $80.85. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.95 billion. As a group, equities research analysts predict that Aptiv PLC will post 5.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the firm's stock in a transaction that occurred on 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 sale, the senior vice president now owns 95,211 shares of the company's stock, valued at approximately $7,396,942.59. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aptiv

Several institutional investors have recently modified their holdings of APTV. Vanguard Group Inc. boosted its position in shares of Aptiv by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company's stock worth $2,843,905,000 after buying an additional 325,550 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Aptiv by 17.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company's stock valued at $854,210,000 after purchasing an additional 1,405,569 shares during the period. Impax Asset Management Group plc raised its holdings in Aptiv by 7.1% during the 4th quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company's stock worth $651,978,000 after buying an additional 483,157 shares during the period. American Century Companies Inc. boosted its holdings in shares of Aptiv by 1.1% in the third quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company's stock worth $496,706,000 after buying an additional 53,288 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Aptiv by 11.6% in the fourth quarter. Victory Capital Management Inc. now owns 3,815,339 shares of the auto parts company's stock worth $342,312,000 after acquiring an additional 395,414 shares in the last quarter. Institutional investors 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.