Aptiv (APTV) Price Target Increased to $110.00 by Analysts at Buckingham Research
Aptiv (NYSE:APTV) had its target price boosted by Buckingham Research from $93.00 to $110.00 in a report published on Monday morning. They currently have a buy rating on the auto parts company’s stock.
A number of other equities research analysts have also commented on the company. Royal Bank of Canada reiterated a buy rating on shares of Aptiv in a research report on Friday, November 3rd. Goldman Sachs Group started coverage on Aptiv in a research report on Tuesday, December 5th. They issued a buy rating and a $57.00 price target on the stock. Bank of America upgraded Aptiv from a neutral rating to a buy rating and set a $120.00 price target on the stock in a research report on Monday, November 20th. Robert W. Baird reduced their price target on Aptiv from $131.00 to $130.00 and set an outperform rating on the stock in a research report on Friday, November 3rd. Finally, Barclays restated a buy rating and set a $106.00 target price on shares of Aptiv in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $97.84.
Shares of Aptiv (APTV) opened at $89.27 on Monday. Aptiv has a 52-week low of $61.71 and a 52-week high of $96.91. The company has a market capitalization of $24,906.53, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.46 and a beta of 1.49. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.59 and a quick ratio of 1.29.
The firm also recently announced a Not Available dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, February 5th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, February 2nd. Aptiv’s payout ratio is 17.43%.
In related news, Director Bernd Wiedemann sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $101.54, for a total transaction of $1,726,180.00. Following the transaction, the director now directly owns 7,975 shares of the company’s stock, valued at approximately $809,781.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kevin P. Clark purchased 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were purchased at an average cost of $87.88 per share, for a total transaction of $1,977,300.00. The disclosure for this purchase can be found here. 0.31% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of APTV. Longview Partners Guernsey LTD acquired a new position in Aptiv during the 4th quarter worth approximately $378,094,000. Wells Fargo & Company MN acquired a new position in Aptiv during the 4th quarter worth approximately $257,609,000. American Century Companies Inc. acquired a new position in Aptiv during the 4th quarter worth approximately $226,340,000. Wedge Capital Management L L P NC acquired a new position in Aptiv during the 4th quarter worth approximately $99,868,000. Finally, Jennison Associates LLC acquired a new position in Aptiv during the 4th quarter worth approximately $91,297,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.
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Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.
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