Brokerages Set Aptiv PLC (NYSE:APTV) PT at $82.46

Shares of Aptiv PLC (NYSE:APTV) have been assigned an average rating of “Moderate Buy” from the twenty-four ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-two have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $82.4565.

APTV has been the subject of several recent analyst reports. Evercore decreased their price objective on shares of Aptiv from $100.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. HSBC cut their target price on shares of Aptiv from $81.32 to $75.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Robert W. Baird dropped their price objective on Aptiv from $105.00 to $74.00 and set an “outperform” rating on the stock in a research note on Thursday, April 2nd. JPMorgan Chase & Co. boosted their price objective on Aptiv from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Morgan Stanley upgraded Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 target price for the company in a research note on Friday, May 8th.

Aptiv Stock Performance

APTV opened at $60.24 on Monday. The company has a market cap of $12.75 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 1.06 and a beta of 1.46. The stock has a 50-day moving average of $61.57 and a 200-day moving average of $69.98. Aptiv has a 52-week low of $51.68 and a 52-week high of $88.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same period last year, the business earned $1.69 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts forecast that Aptiv will post 6.39 earnings per share for the current fiscal year.

Insider Activity at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the sale, the executive vice president directly owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Aptiv

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Aptiv by 4.3% in the 4th quarter. State Street Corp now owns 10,066,712 shares of the auto parts company’s stock worth $765,976,000 after acquiring an additional 419,375 shares during the period. Norges Bank acquired a new position in shares of Aptiv in the 4th quarter valued at $634,961,000. Geode Capital Management LLC lifted its holdings in shares of Aptiv by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 5,821,615 shares of the auto parts company’s stock worth $441,289,000 after acquiring an additional 99,876 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Aptiv by 34.2% during the 4th quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock worth $349,067,000 after acquiring an additional 1,167,946 shares during the period. Finally, Boston Partners boosted its position in shares of Aptiv by 29.2% during the 3rd quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock valued at $361,385,000 after acquiring an additional 948,327 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Company Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.