JPMorgan Chase & Co. Lowers Aptiv (NYSE:APTV) Price Target to $109.00

Aptiv (NYSE:APTV) had its price objective lowered by JPMorgan Chase & Co. from $110.00 to $109.00 in a research report report published on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the auto parts company’s stock.

Several other equities analysts also recently weighed in on the company. UBS Group raised their price objective on Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Guggenheim lowered their target price on Aptiv from $103.00 to $92.00 and set a buy rating on the stock in a report on Wednesday, April 17th. Barclays lowered their target price on Aptiv from $112.00 to $110.00 and set an overweight rating on the stock in a report on Thursday, April 11th. Royal Bank of Canada lowered their target price on Aptiv from $115.00 to $104.00 and set an outperform rating on the stock in a report on Thursday, February 1st. Finally, Oppenheimer lowered their target price on Aptiv from $149.00 to $148.00 and set an outperform rating on the stock in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $109.93.

Aptiv Stock Performance

Shares of APTV stock opened at $70.10 on Monday. The company has a market cap of $19.11 billion, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.90. The stock has a 50 day simple moving average of $77.15 and a 200-day simple moving average of $82.03. Aptiv has a 12-month low of $68.84 and a 12-month high of $113.60. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53.

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, beating the consensus estimate of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The firm had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.95 billion. On average, equities analysts forecast that Aptiv will post 5.63 EPS for the current year.

Insider Transactions at Aptiv

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in APTV. Norges Bank purchased a new position in shares of Aptiv in the 4th quarter worth $302,902,000. Massachusetts Financial Services Co. MA raised its position in Aptiv by 17.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock valued at $854,210,000 after purchasing an additional 1,405,569 shares during the period. Vanguard Group Inc. raised its position in Aptiv by 4.2% in the third quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock valued at $3,092,966,000 after purchasing an additional 1,265,774 shares during the period. Allspring Global Investments Holdings LLC raised its position in Aptiv by 65.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,158,382 shares of the auto parts company’s stock valued at $193,650,000 after purchasing an additional 850,294 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Aptiv by 138.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company’s stock valued at $127,121,000 after purchasing an additional 747,666 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

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.