Aptiv (NYSE:APTV) PT Lowered to $109.00 at JPMorgan Chase & Co.

Aptiv (NYSE:APTV) had its price objective lowered by JPMorgan Chase & Co. from $110.00 to $109.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

Several other equities research analysts have also recently issued reports on the stock. Oppenheimer cut their price objective on shares of Aptiv from $149.00 to $148.00 and set an outperform rating for the company in a research report on Thursday, February 1st. Piper Sandler lowered their target price on shares of Aptiv from $80.00 to $79.00 and set a neutral rating for the company in a research note on Thursday, February 1st. Citigroup lowered their target price on shares of Aptiv from $150.00 to $136.00 and set a buy rating for the company in a research note on Thursday, February 1st. Morgan Stanley lowered shares of Aptiv from an equal weight rating to an underweight rating and lowered their target price for the stock from $90.00 to $74.00 in a research note on Wednesday, February 7th. Finally, Guggenheim lowered their target price on shares of Aptiv from $103.00 to $92.00 and set a buy rating for the company in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Aptiv has an average rating of Moderate Buy and an average price target of $109.93.

Aptiv Price Performance

Shares of NYSE APTV opened at $71.40 on Monday. Aptiv has a 52 week low of $68.84 and a 52 week high of $113.60. The stock has a market capitalization of $19.47 billion, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 0.89 and a beta of 1.90. The firm has a 50-day simple moving average of $76.82 and a 200-day simple moving average of $81.77. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.95 billion. On average, equities analysts predict that Aptiv will post 5.62 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Benjamin Lyon sold 18,680 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the transaction, the senior vice president now owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new position in Aptiv in the first quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in Aptiv in the fourth quarter worth approximately $29,000. GAMMA Investing LLC purchased a new position in Aptiv in the fourth quarter worth approximately $32,000. Mather Group LLC. purchased a new position in Aptiv in the first quarter worth approximately $33,000. Finally, Harbor Investment Advisory LLC raised its holdings in Aptiv by 4,166.7% during the first quarter. Harbor Investment Advisory LLC now owns 512 shares of the auto parts company’s stock worth $41,000 after purchasing an additional 500 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.