Aptiv (NYSE:APTV) PT Lowered to $70.00

Aptiv (NYSE:APTV) had its price objective cut by Morgan Stanley from $75.00 to $70.00 in a report published on Wednesday morning, Benzinga reports. They currently have an underweight rating on the auto parts company’s stock.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company decreased their price target on shares of Aptiv from $82.00 to $78.00 and set an equal weight rating on the stock in a research note on Friday, August 2nd. Citigroup lowered their price target on shares of Aptiv from $128.00 to $108.00 and set a buy rating for the company in a research note on Friday, July 12th. Robert W. Baird reduced their price objective on Aptiv from $90.00 to $83.00 and set a neutral rating on the stock in a research note on Friday, July 12th. Barclays dropped their target price on Aptiv from $105.00 to $100.00 and set an overweight rating for the company in a report on Monday, August 5th. Finally, UBS Group decreased their price target on Aptiv from $107.00 to $99.00 and set a buy rating on the stock in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Aptiv presently has an average rating of Moderate Buy and a consensus target price of $96.64.

Aptiv Stock Performance

NYSE APTV opened at $68.93 on Wednesday. The company has a market capitalization of $18.75 billion, a P/E ratio of 6.50, a P/E/G ratio of 0.66 and a beta of 1.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.49. Aptiv has a 52-week low of $65.13 and a 52-week high of $104.72. The company has a fifty day moving average of $70.51 and a 200-day moving average of $75.83.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.16. The firm had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 earnings per share. As a group, equities research analysts predict that Aptiv will post 6.3 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Nancy E. Cooper sold 394 shares of the company’s stock in a transaction 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 sale, 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 the SEC website. 0.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aptiv

Several large investors have recently modified their holdings of the stock. Riverview Trust Co purchased a new stake in Aptiv during the 1st quarter valued at about $25,000. Independence Bank of Kentucky bought a new position in shares of Aptiv in the second quarter worth approximately $25,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of Aptiv during the first quarter valued at approximately $28,000. Crewe Advisors LLC increased its position in shares of Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 215 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in Aptiv in the 4th quarter worth approximately $32,000. 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.