Oppenheimer Cuts Aptiv (NYSE:APTV) Price Target to $145.00

Aptiv (NYSE:APTV) had its target price decreased by Oppenheimer from $148.00 to $145.00 in a research note released on Friday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the auto parts company’s stock.

Other analysts have also issued research reports about the company. Wells Fargo & Company dropped their price objective on Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. UBS Group raised their price target on Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Barclays cut their target price on shares of Aptiv from $112.00 to $110.00 and set an overweight rating for the company in a research note on Thursday, April 11th. Morgan Stanley downgraded Aptiv from an equal weight rating to an underweight rating and decreased their target price for the company from $90.00 to $74.00 in a research report on Wednesday, February 7th. Finally, Piper Sandler dropped their price target on Aptiv from $80.00 to $79.00 and set a neutral rating for the company in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $107.85.

Aptiv Trading Up 3.9 %

Shares of Aptiv stock opened at $80.82 on Friday. Aptiv has a 12-month low of $68.84 and a 12-month high of $113.60. The company has a quick ratio of 1.22, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $76.13 and its 200-day moving average is $80.53. The stock has a market cap of $22.04 billion, a P/E ratio of 7.62, a P/E/G ratio of 0.97 and a beta of 1.90.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. The firm had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 earnings per share. Equities research analysts predict that Aptiv will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Aptiv

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

Institutional Investors Weigh In On Aptiv

A number of large investors have recently modified their holdings of APTV. Raymond James & Associates raised its stake in Aptiv by 25.8% during the third quarter. Raymond James & Associates now owns 675,580 shares of the auto parts company’s stock worth $66,605,000 after acquiring an additional 138,510 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in Aptiv by 2.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 13,489 shares of the auto parts company’s stock worth $1,330,000 after purchasing an additional 300 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Aptiv by 3.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,209,297 shares of the auto parts company’s stock valued at $217,815,000 after purchasing an additional 71,759 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Aptiv by 2.8% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 132,700 shares of the auto parts company’s stock valued at $13,083,000 after buying an additional 3,600 shares in the last quarter. Finally, JB Capital LLC grew its stake in shares of Aptiv by 17.9% during the third quarter. JB Capital LLC now owns 23,642 shares of the auto parts company’s stock worth $2,331,000 after buying an additional 3,594 shares during the last quarter. Institutional investors and hedge funds 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.