Aptiv (NYSE:APTV) Price Target Lowered to $65.00 at Robert W. Baird

Aptiv (NYSE:APTV) had its target price trimmed by Robert W. Baird from $84.00 to $65.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the auto parts company’s stock.

APTV has been the subject of several other reports. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and upped their target price for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. Royal Bank of Canada lifted their price objective on shares of Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. UBS Group reiterated a “neutral” rating and issued a $58.00 target price (down from $91.00) on shares of Aptiv in a report on Thursday, April 10th. StockNews.com began coverage on Aptiv in a report on Saturday. They issued a “hold” rating for the company. Finally, Wells Fargo & Company raised their price target on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus target price of $82.44.

Aptiv Price Performance

Shares of APTV opened at $50.83 on Tuesday. The firm has a market capitalization of $11.66 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 0.62 and a beta of 1.64. Aptiv has a twelve month low of $47.19 and a twelve month high of $85.56. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The firm’s fifty day simple moving average is $61.46 and its 200-day simple moving average is $61.42.

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

Insider Transactions at Aptiv

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

Hedge Funds Weigh In On Aptiv

A number of hedge funds have recently bought and sold shares of the business. Picton Mahoney Asset Management purchased a new stake in shares of Aptiv in the fourth quarter valued at approximately $37,000. Versant Capital Management Inc lifted its stake in Aptiv by 201.7% during the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 470 shares during the last quarter. UMB Bank n.a. acquired a new stake in Aptiv during the 1st quarter worth $48,000. CENTRAL TRUST Co lifted its stake in 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 buying an additional 677 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors 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.