Aptiv (NYSE:APTV) Given “Equal Weight” Rating at Barclays

Barclays restated their equal weight rating on shares of Aptiv (NYSE:APTV) in a research report report published on Tuesday, Marketbeat.com reports. Barclays currently has a $55.00 price target on the auto parts company’s stock, down from their prior price target of $80.00.

A number of other brokerages also recently issued reports on APTV. Royal Bank of Canada lifted their price target on shares of Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. StockNews.com started coverage on shares of Aptiv in a research note on Saturday. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft raised Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Friday, February 7th. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Robert W. Baird cut their target price on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.44.

Aptiv Price Performance

APTV stock opened at $50.83 on Tuesday. 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 has a 52 week low of $47.19 and a 52 week high of $85.56. The firm has a market capitalization of $11.66 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. The company has a fifty day simple moving average of $61.46 and a two-hundred day simple moving average of $61.42.

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

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred 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 transaction, the senior vice president now owns 125,237 shares of the company’s stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Aptiv

Institutional investors have recently modified their holdings of the stock. Covestor Ltd raised its holdings in shares of Aptiv by 11.4% in the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock worth $110,000 after buying an additional 186 shares during the last quarter. Boston Common Asset Management LLC increased its holdings in shares of Aptiv by 4.8% in the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock valued at $249,000 after purchasing an additional 188 shares during the last quarter. Horizon Investments LLC raised its position in shares of Aptiv by 6.1% during the 4th quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock valued at $231,000 after buying an additional 219 shares during the period. ProShare Advisors LLC increased its position in shares of Aptiv by 0.5% during the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company’s stock valued at $3,128,000 after acquiring an additional 248 shares during the last quarter. Finally, Westpac Banking Corp boosted its holdings in Aptiv by 21.9% during the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company’s stock valued at $115,000 after acquiring an additional 341 shares during the period. 94.21% of the stock is 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.