Aptiv (NYSE:APTV) Receives Outperform Rating from Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of Aptiv (NYSE:APTV) in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a $145.00 target price on the auto parts company’s stock.

Several other equities analysts have also recently commented on APTV. Barclays lowered their target price on shares of Aptiv from $112.00 to $110.00 and set an overweight rating on the stock in a research note on Thursday, April 11th. Robert W. Baird boosted their target price on Aptiv from $86.00 to $90.00 and gave the stock a neutral rating in a report on Friday, May 3rd. Guggenheim increased their price target on Aptiv from $92.00 to $94.00 and gave the company a buy rating in a research note on Wednesday, May 8th. Wells Fargo & Company dropped their price objective on Aptiv from $83.00 to $82.00 and set an equal weight rating on the stock in a research note on Tuesday, June 25th. Finally, JPMorgan Chase & Co. lifted their target price on Aptiv from $109.00 to $113.00 and gave the stock an overweight rating in a report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Aptiv presently has a consensus rating of Hold and a consensus price target of $100.92.

Aptiv Stock Performance

Shares of NYSE APTV opened at $71.75 on Tuesday. Aptiv has a 12-month low of $65.13 and a 12-month high of $113.60. The company has a market cap of $19.52 billion, a PE ratio of 6.76, a P/E/G ratio of 0.67 and a beta of 1.79. The stock has a 50 day simple moving average of $77.29 and a 200-day simple moving average of $78.62. 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 announced its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities research analysts forecast that Aptiv will post 6.01 EPS for the current year.

Insider Transactions at Aptiv

In related news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the completion of the sale, the director now owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Aptiv

A number of institutional investors have recently modified their holdings of the company. Lido Advisors LLC grew its position in shares of Aptiv by 24.1% in the third quarter. Lido Advisors LLC now owns 3,700 shares of the auto parts company’s stock valued at $365,000 after purchasing an additional 719 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in shares of Aptiv during the third quarter worth approximately $85,000. Morgan Stanley boosted its position in shares of Aptiv by 6.0% in the third quarter. Morgan Stanley now owns 3,302,280 shares of the auto parts company’s stock valued at $325,572,000 after acquiring an additional 187,046 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Aptiv by 17.0% in the third quarter. Public Sector Pension Investment Board now owns 30,295 shares of the auto parts company’s stock worth $2,987,000 after acquiring an additional 4,393 shares during the last quarter. Finally, Banque Pictet & Cie SA raised its stake in Aptiv by 1.0% during the 3rd quarter. Banque Pictet & Cie SA now owns 67,036 shares of the auto parts company’s stock valued at $6,609,000 after purchasing an additional 670 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.