Aptiv (NYSE:APTV) Price Target Cut to $92.00

Aptiv (NYSE:APTV - Get Free Report) had its price objective cut by equities researchers at Guggenheim from $103.00 to $92.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the auto parts company's stock. Guggenheim's price objective suggests a potential upside of 32.66% from the company's previous close.

A number of other equities research analysts have also recently commented on APTV. Wells Fargo & Company reduced their price target on shares of Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. Oppenheimer dropped their price objective on shares of Aptiv from $149.00 to $148.00 and set an "outperform" rating on the stock in a research note on Thursday, February 1st. Barclays dropped their price objective on shares of Aptiv from $112.00 to $110.00 and set an "overweight" rating on the stock in a research note on Thursday, April 11th. UBS Group raised their price target on shares of Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Finally, Citigroup dropped their price target on shares of Aptiv from $150.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $110.36.

Aptiv Trading Down 3.6 %

NYSE APTV traded down $2.59 on Wednesday, hitting $69.35. The company's stock had a trading volume of 3,711,526 shares, compared to its average volume of 2,703,897. 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 has a 1-year low of $69.30 and a 1-year high of $113.60. The company's 50-day moving average is $78.16 and its 200 day moving average is $82.76. The firm has a market cap of $18.91 billion, a PE ratio of 6.75, a PEG ratio of 0.94 and a beta of 1.90.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The company had revenue of $4.92 billion during the quarter, compared to analysts' expectations of $4.95 billion. As a group, analysts predict that Aptiv will post 5.66 earnings per share for the current fiscal year.

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the business's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction 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 approximately $7,396,942.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by company insiders.

Institutional Trading of Aptiv

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Gradient Investments LLC boosted its stake in Aptiv by 36.1% in the 4th quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company's stock worth $13,902,000 after purchasing an additional 41,135 shares in the last quarter. International Assets Investment Management LLC bought a new position in Aptiv during the 4th quarter valued at about $13,120,000. Douglas Lane & Associates LLC lifted its stake in Aptiv by 20.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 378,655 shares of the auto parts company's stock valued at $33,973,000 after acquiring an additional 65,354 shares during the period. Zenyatta Capital Management LP lifted its stake in Aptiv by 53.8% during the 4th quarter. Zenyatta Capital Management LP now owns 50,000 shares of the auto parts company's stock valued at $4,486,000 after acquiring an additional 17,500 shares during the period. Finally, Banque Pictet & Cie SA lifted its stake in shares of Aptiv by 1.0% in the 3rd quarter. Banque Pictet & Cie SA now owns 67,036 shares of the auto parts company's stock worth $6,609,000 after purchasing an additional 670 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

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.