Guggenheim Trims Aptiv (NYSE:APTV) Target Price to $92.00

Aptiv (NYSE:APTV) had its price target decreased by Guggenheim from $103.00 to $92.00 in a research note released on Wednesday, Benzinga reports. Guggenheim currently has a buy rating on the auto parts company’s stock.

APTV has been the topic of a number of other research reports. Morgan Stanley lowered Aptiv from an equal weight rating to an underweight rating and dropped their target price for the company from $90.00 to $74.00 in a research report on Wednesday, February 7th. Wells Fargo & Company dropped their target price on Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Barclays dropped their target price on Aptiv from $112.00 to $110.00 and set an overweight rating on the stock in a research report on Thursday, April 11th. Piper Sandler dropped their target price on Aptiv from $80.00 to $79.00 and set a neutral rating on the stock in a research report on Thursday, February 1st. Finally, Citigroup dropped their target price on Aptiv from $150.00 to $136.00 and set a buy rating on the stock in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $110.36.

Aptiv Trading Up 0.4 %

NYSE APTV opened at $69.63 on Wednesday. The firm has a market cap of $18.99 billion, a P/E ratio of 6.72, a P/E/G ratio of 0.90 and a beta of 1.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. The stock’s 50-day moving average is $77.42 and its 200-day moving average is $82.38. Aptiv has a one year low of $68.84 and a one year high of $113.60.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. Sell-side analysts anticipate that Aptiv will post 5.64 earnings per share for the current fiscal year.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the transaction, the senior vice president now directly owns 95,211 shares in the company, valued at approximately $7,396,942.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in APTV. Riverview Trust Co bought a new position in shares of Aptiv during the 1st quarter worth approximately $25,000. Salem Investment Counselors Inc. boosted its stake in Aptiv by 176.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 176 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in Aptiv in the 4th quarter valued at $29,000. FWL Investment Management LLC bought a new stake in Aptiv in the 4th quarter valued at $30,000. Finally, GAMMA Investing LLC bought a new stake in Aptiv in the 4th quarter valued at $32,000. 94.21% of the stock is currently owned by institutional investors.

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.