Aptiv’s (APTV) “Neutral” Rating Reiterated at UBS Group

UBS Group reiterated their neutral rating on shares of Aptiv (NYSE:APTV) in a research note published on Thursday, Marketbeat Ratings reports. UBS Group currently has a $58.00 price target on the auto parts company’s stock, down from their prior price target of $91.00.

A number of other equities analysts also recently issued reports on the company. Piper Sandler upped their price target on Aptiv from $65.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Wells Fargo & Company increased their price target on Aptiv from $76.00 to $86.00 and gave the company 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 report on Tuesday, February 4th. Argus upgraded shares of Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Finally, Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $75.00 to $82.00 in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.78.

Aptiv Trading Down 2.9 %

Shares of NYSE:APTV opened at $48.00 on Thursday. The company has a market capitalization of $11.01 billion, a PE ratio of 6.98, a P/E/G ratio of 0.62 and a beta of 1.64. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv has a 12-month low of $47.19 and a 12-month high of $85.56. The business’s fifty day simple moving average is $61.94 and its 200-day simple moving average is $61.74.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts predict that Aptiv will post 7.2 earnings per share for the current fiscal year.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On Aptiv

Several hedge funds and other institutional investors have recently modified their holdings of the business. Picton Mahoney Asset Management acquired a new stake in Aptiv in the 4th quarter valued at about $37,000. Versant Capital Management Inc grew its position in shares of Aptiv by 201.7% in the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 470 shares in the last quarter. CENTRAL TRUST Co increased its holdings in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after purchasing an additional 677 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Aptiv by 164.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company’s stock worth $81,000 after buying an additional 848 shares in the last quarter. Finally, GeoWealth Management LLC boosted its stake in Aptiv by 203.2% during the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock worth $92,000 after buying an additional 1,022 shares during the last quarter. 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.