Aptiv (NYSE:APTV) Rating Lowered to Underweight at Piper Sandler

Piper Sandler cut shares of Aptiv (NYSE:APTV) from a neutral rating to an underweight rating in a report released on Wednesday, Marketbeat Ratings reports. They currently have $63.00 price objective on the auto parts company’s stock, down from their prior price objective of $78.00.

Several other research analysts have also recently commented on the company. Wells Fargo & Company reduced their price target on Aptiv from $83.00 to $82.00 and set an equal weight rating for the company in a research report on Tuesday. StockNews.com raised shares of Aptiv from a hold rating to a buy rating in a report on Wednesday, June 12th. Oppenheimer decreased their target price on Aptiv from $148.00 to $145.00 and set an outperform rating on the stock in a research report on Friday, May 3rd. Robert W. Baird lifted their price target on Aptiv from $86.00 to $90.00 and gave the stock a neutral rating in a report on Friday, May 3rd. Finally, UBS Group upped their price objective on Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $105.08.

Aptiv Price Performance

Shares of APTV opened at $70.42 on Wednesday. The stock has a market cap of $19.16 billion, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 0.65 and a beta of 1.87. Aptiv has a 1 year low of $65.13 and a 1 year high of $113.60. The stock’s 50-day moving average price is $77.61 and its two-hundred day moving average price is $79.67. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The firm had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts predict that Aptiv will post 6.01 earnings per share for the current year.

Insider Activity

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total value of $30,330.12. Following the transaction, the director now owns 13,636 shares in the company, valued at $1,049,699.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of Aptiv

A number of hedge funds and other institutional investors have recently modified their holdings of APTV. Riverview Trust Co acquired a new stake in Aptiv during the 1st quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Aptiv during the fourth quarter worth $29,000. Hazlett Burt & Watson Inc. bought a new stake in shares of Aptiv in the first quarter worth $28,000. GAMMA Investing LLC acquired a new stake in Aptiv in the fourth quarter valued at $32,000. Finally, Clearstead Trust LLC raised its position in Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 305 shares during the last quarter. 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.