Aptiv (NYSE:APTV) PT Lowered to $109.00

Aptiv (NYSE:APTV) had its price objective reduced by equities research analysts at JPMorgan Chase & Co. from $110.00 to $109.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 55.16% from the company’s current price.

A number of other research firms have also commented on APTV. Guggenheim reduced their price target on Aptiv from $103.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Piper Sandler dropped their price objective on Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Wells Fargo & Company dropped their price objective on Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. Citigroup dropped their price objective on Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Finally, Oppenheimer dropped their price target on Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a research note 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 company’s stock. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $109.93.

Aptiv Trading Up 0.2 %

Shares of APTV stock opened at $70.25 on Monday. The firm has a market capitalization of $19.16 billion, a P/E ratio of 6.78, a P/E/G ratio of 0.89 and a beta of 1.90. Aptiv has a twelve month low of $68.84 and a twelve month high of $113.60. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $76.97 and its 200 day simple moving average is $81.84.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The business 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%. As a group, sell-side analysts predict that Aptiv will post 5.63 EPS for the current fiscal year.

Insider Activity

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction 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 of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aptiv

Several institutional investors have recently made changes to their positions in APTV. Assetmark Inc. raised its position in shares of Aptiv by 7.8% in the third quarter. Assetmark Inc. now owns 1,780 shares of the auto parts company’s stock worth $175,000 after buying an additional 129 shares in the last quarter. Steph & Co. raised its position in shares of Aptiv by 4.3% in the third quarter. Steph & Co. now owns 3,149 shares of the auto parts company’s stock worth $310,000 after buying an additional 130 shares in the last quarter. Financial Advocates Investment Management raised its position in shares of Aptiv by 5.9% in the fourth quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock worth $211,000 after buying an additional 132 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Aptiv by 2.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock valued at $578,000 after purchasing an additional 145 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Aptiv by 11.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock valued at $130,000 after purchasing an additional 146 shares in the last quarter. Hedge funds and other 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.