Wells Fargo & Company Has Lowered Expectations for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its price target reduced by analysts at Wells Fargo & Company from $77.00 to $75.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 27.14% from the stock’s current price.

APTV has been the subject of a number of other research reports. StockNews.com started coverage on shares of Aptiv in a research report on Monday, April 28th. They issued a “hold” rating for the company. Barclays reiterated an “equal weight” rating and set a $55.00 price objective (down previously from $80.00) on shares of Aptiv in a research report on Tuesday, April 15th. Evercore ISI dropped their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Oppenheimer boosted their price target on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, UBS Group reiterated a “neutral” rating and issued a $58.00 price objective (down previously from $91.00) on shares of Aptiv in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $81.50.

Aptiv Stock Up 3.6 %

Shares of Aptiv stock opened at $58.99 on Friday. The company has a 50-day simple moving average of $58.45 and a two-hundred day simple moving average of $59.98. The stock has a market capitalization of $13.54 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. Aptiv has a 52-week low of $47.19 and a 52-week high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the business earned $1.16 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts anticipate that Aptiv will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On Aptiv

Several institutional investors have recently bought and sold shares of APTV. Tectonic Advisors LLC raised its position in shares of Aptiv by 35.2% during the 1st quarter. Tectonic Advisors LLC now owns 23,120 shares of the auto parts company’s stock valued at $1,376,000 after buying an additional 6,021 shares in the last quarter. Wealthfront Advisers LLC raised its position in Aptiv by 56.9% during the first quarter. Wealthfront Advisers LLC now owns 19,259 shares of the auto parts company’s stock valued at $1,146,000 after purchasing an additional 6,986 shares during the period. Dakota Wealth Management lifted its stake in shares of Aptiv by 121.3% in the 1st quarter. Dakota Wealth Management now owns 21,797 shares of the auto parts company’s stock valued at $1,297,000 after purchasing an additional 11,948 shares during the last quarter. Signaturefd LLC increased its position in shares of Aptiv by 31.5% during the 1st quarter. Signaturefd LLC now owns 2,129 shares of the auto parts company’s stock valued at $127,000 after purchasing an additional 510 shares during the last quarter. Finally, Slow Capital Inc. raised its holdings in Aptiv by 3.5% during the 1st quarter. Slow Capital Inc. now owns 34,473 shares of the auto parts company’s stock valued at $2,051,000 after buying an additional 1,177 shares during the period. 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.