Piper Sandler Issues Positive Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its price target increased by Piper Sandler from $65.00 to $67.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the auto parts company’s stock.

A number of other research firms have also recently commented on APTV. Barclays increased their target price on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Raymond James reissued a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. StockNews.com initiated coverage on Aptiv in a research note on Wednesday. They issued a “hold” rating on the stock. Finally, TD Cowen initiated coverage on Aptiv in a research report on Friday, March 7th. They set a “buy” rating and a $90.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.61.

Aptiv Price Performance

Shares of APTV stock opened at $62.49 on Thursday. The stock has a market cap of $14.34 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 0.62 and a beta of 1.78. The business’s fifty day moving average is $63.76 and its 200 day moving average is $63.30. Aptiv has a twelve month low of $51.47 and a twelve month high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Research analysts expect that Aptiv will post 7.2 EPS for the current fiscal year.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Aptiv

Institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its stake in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares during the period. Picton Mahoney Asset Management purchased a new position in Aptiv in the 4th quarter worth about $37,000. Brooklyn Investment Group purchased a new position in Aptiv in the 3rd quarter worth about $43,000. CENTRAL TRUST Co increased its stake in Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after buying an additional 677 shares during the period. Finally, Transamerica Financial Advisors Inc. purchased a new position in Aptiv in the 3rd quarter worth about $64,000. Institutional investors own 94.21% of the company’s stock.

About Aptiv

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.