Aptiv (NYSE:APTV) Price Target Cut to $83.00

Aptiv (NYSE:APTV) had its price objective reduced by analysts at Robert W. Baird from $90.00 to $83.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s target price points to a potential upside of 15.33% from the stock’s current price.

A number of other research firms have also recently weighed in on APTV. Oppenheimer reaffirmed an “outperform” rating and set a $145.00 target price on shares of Aptiv in a research note on Tuesday. Barclays lowered their target price on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. StockNews.com lowered Aptiv from a “buy” rating to a “hold” rating in a research note on Friday. Piper Sandler downgraded Aptiv from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $78.00 to $63.00 in a research note on Wednesday, June 26th. Finally, Wells Fargo & Company cut their target price on shares of Aptiv from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Aptiv currently has an average rating of “Hold” and an average price target of $100.33.

Aptiv Price Performance

APTV stock traded up $0.22 during mid-day trading on Friday, hitting $71.97. The stock had a trading volume of 1,436,623 shares, compared to its average volume of 2,789,727. The firm has a fifty day simple moving average of $77.29 and a 200 day simple moving average of $78.62. The firm has a market capitalization of $19.58 billion, a P/E ratio of 6.79, a P/E/G ratio of 0.67 and a beta of 1.79. 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 has a 52 week low of $65.13 and a 52 week high of $113.14.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The business had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. As a group, research analysts forecast that Aptiv will post 5.99 EPS for the current year.

Insider Activity at Aptiv

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction that occurred on 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 directly owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is owned by corporate insiders.

Institutional Trading of Aptiv

Large investors have recently made changes to their positions in the company. Financial Advocates Investment Management increased its holdings in shares of Aptiv by 5.9% during the fourth quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock valued at $211,000 after acquiring an additional 132 shares in the last quarter. Broderick Brian C raised its holdings in Aptiv by 0.6% during the first quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock worth $1,731,000 after buying an additional 132 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Aptiv by 2.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock valued at $578,000 after buying an additional 145 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Aptiv by 11.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock valued at $130,000 after buying an additional 146 shares during the last quarter. Finally, Bangor Savings Bank increased its position in shares of Aptiv by 1.4% during the fourth quarter. Bangor Savings Bank now owns 11,648 shares of the auto parts company’s stock worth $1,045,000 after acquiring an additional 163 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.