Aptiv (NYSE:APTV) Price Target Increased to $92.00 by Analysts at UBS Group

Aptiv (NYSE:APTV) had its price objective hoisted by UBS Group from $87.00 to $92.00 in a report released on Thursday, BenzingaRatingsTable reports. The firm currently has a neutral rating on the auto parts company’s stock.

Other analysts also recently issued reports about the company. Jefferies Financial Group restated a buy rating and issued a $108.00 price objective (up from $99.00) on shares of Aptiv in a report on Thursday, August 1st. Morgan Stanley decreased their price objective on Aptiv from $67.00 to $65.00 and set an underweight rating for the company in a report on Friday, June 28th. Bank of America increased their price objective on Aptiv from $90.00 to $92.00 and gave the company a buy rating in a report on Thursday, August 1st. Cowen increased their price objective on Aptiv from $95.00 to $102.00 and gave the company a top pick rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their price objective on Aptiv from $93.00 to $97.00 and gave the company an overweight rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Aptiv presently has a consensus rating of Buy and a consensus price target of $92.50.

NYSE APTV opened at $90.18 on Thursday. The company has a market capitalization of $23.35 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.60 and a beta of 2.08. Aptiv has a twelve month low of $58.80 and a twelve month high of $92.98. The stock has a fifty day simple moving average of $83.60 and a 200 day simple moving average of $80.67. The company has a quick ratio of 0.89, a current ratio of 1.22 and a debt-to-equity ratio of 1.16.



Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.20. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. Aptiv had a return on equity of 34.92% and a net margin of 6.86%. Aptiv’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 earnings per share. Research analysts expect that Aptiv will post 5.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.88 dividend on an annualized basis and a yield of 0.98%. Aptiv’s dividend payout ratio (DPR) is currently 16.73%.

In other news, CAO Allan J. Brazier sold 4,752 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $90.00, for a total transaction of $427,680.00. Corporate insiders own 0.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in APTV. Price T Rowe Associates Inc. MD boosted its position in shares of Aptiv by 6.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 45,290,324 shares of the auto parts company’s stock worth $3,660,817,000 after purchasing an additional 2,805,856 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Aptiv by 41,426.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,584,199 shares of the auto parts company’s stock worth $208,881,000 after purchasing an additional 2,577,976 shares in the last quarter. Generation Investment Management LLP boosted its position in shares of Aptiv by 34.0% during the 2nd quarter. Generation Investment Management LLP now owns 5,659,743 shares of the auto parts company’s stock worth $457,477,000 after purchasing an additional 1,437,306 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in shares of Aptiv by 74.6% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 2,043,930 shares of the auto parts company’s stock worth $172,110,000 after purchasing an additional 872,968 shares in the last quarter. Finally, Holocene Advisors LP bought a new position in shares of Aptiv during the 2nd quarter worth about $66,438,000. 95.44% of the stock is currently owned by institutional investors.

Aptiv Company Profile

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

Further Reading: QQQ ETF

Analyst Recommendations for Aptiv (NYSE:APTV)

Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter.