Brokerages Set Aptiv PLC (NYSE:APTV) Target Price at $110.36

Shares of Aptiv PLC (NYSE:APTV) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $109.93.

A number of research firms recently issued reports on APTV. Wells Fargo & Company dropped their target price on shares of Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Royal Bank of Canada reduced their price objective on Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Guggenheim reduced their price objective on Aptiv from $103.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. JPMorgan Chase & Co. reduced their price objective on Aptiv from $110.00 to $109.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Oppenheimer reduced their price objective on Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 18,680 shares of Aptiv 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 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 Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Aptiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in APTV. Norges Bank acquired a new stake in Aptiv in the 4th quarter worth approximately $302,902,000. Massachusetts Financial Services Co. MA increased its holdings 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 worth $854,210,000 after purchasing an additional 1,405,569 shares during the period. Vanguard Group Inc. raised its stake in Aptiv by 4.2% during the third quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock worth $3,092,966,000 after acquiring an additional 1,265,774 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Aptiv by 65.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,158,382 shares of the auto parts company’s stock valued at $193,650,000 after acquiring an additional 850,294 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Aptiv by 138.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company’s stock valued at $127,121,000 after purchasing an additional 747,666 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Up 0.7 %

APTV opened at $70.10 on Friday. The firm has a 50 day moving average price of $77.15 and a 200 day moving average price of $82.03. The company has a market cap of $19.11 billion, a PE ratio of 6.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.90. Aptiv has a 1 year low of $68.84 and a 1 year high of $113.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72.

Aptiv (NYSE:APTV) last posted its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. Sell-side analysts expect that Aptiv will post 5.63 earnings per share for the current year.

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.