Aptiv (NYSE:APTV) Price Target Cut to $110.00 by Analysts at Barclays

Aptiv (NYSE:APTV) had its price objective dropped by analysts at Barclays from $112.00 to $110.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Barclays‘s target price points to a potential upside of 48.27% from the stock’s previous close.

APTV has been the topic of several other research reports. Robert W. Baird cut shares of Aptiv from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $105.00 to $96.00 in a research report on Wednesday, January 3rd. Guggenheim cut their target price on Aptiv from $120.00 to $103.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. Citigroup lowered their price target on Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Wells Fargo & Company cut their price objective on shares of Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. Finally, Piper Sandler lowered their target price on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.14.

Aptiv Price Performance

Shares of NYSE:APTV opened at $74.19 on Thursday. Aptiv has a twelve month low of $71.01 and a twelve month high of $113.60. The stock’s 50 day moving average is $78.59 and its 200-day moving average is $83.31. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $20.23 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 0.96 and a beta of 1.90.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. Sell-side analysts forecast that Aptiv will post 5.66 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Aptiv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. raised its holdings in Aptiv by 176.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 176 shares during the period. Riverview Trust Co purchased a new position in shares of Aptiv in the first quarter valued at $25,000. FWL Investment Management LLC bought a new stake in shares of Aptiv during the 4th quarter valued at $30,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Aptiv during the 4th quarter worth about $29,000. Finally, GAMMA Investing LLC bought a new position in Aptiv in the 4th quarter worth about $32,000. 94.21% of the stock is currently owned by institutional investors.

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.