Aptiv (NYSE:APTV) Price Target Raised to $77.00

Aptiv (NYSE:APTV) had its price objective boosted by Royal Bank of Canada from $60.00 to $77.00 in a research report report published on Friday,Benzinga reports. They currently have an outperform rating on the auto parts company’s stock.

Several other research analysts also recently weighed in on the stock. Robert W. Baird decreased their price target on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Piper Sandler raised their target price on Aptiv from $65.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, March 20th. Wells Fargo & Company cut their price target on Aptiv from $77.00 to $75.00 and set an “overweight” rating for the company in a report on Friday. UBS Group reaffirmed 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. Finally, Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.50.

Aptiv Stock Performance

APTV stock opened at $58.99 on Friday. The company has a market cap of $13.54 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv has a 1 year low of $47.19 and a 1 year high of $85.56. The stock’s fifty day moving average price is $58.45 and its 200-day moving average price is $59.91.

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

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the 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 transaction, the senior vice president now owns 125,237 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this link. 0.45% of the stock is currently owned by company insiders.

Institutional Trading of Aptiv

Hedge funds have recently made changes to their positions in the business. Picton Mahoney Asset Management purchased a new position in Aptiv in the fourth quarter worth about $37,000. Mather Group LLC. boosted its holdings in shares of Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 385 shares during the period. Versant Capital Management Inc increased its position in shares of Aptiv by 201.7% during the 1st 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 during the last quarter. UMB Bank n.a. purchased a new stake in Aptiv during the 1st quarter valued at $48,000. Finally, CENTRAL TRUST Co boosted its stake in Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after buying an additional 677 shares during the period. 94.21% of the stock is currently owned by hedge funds and other 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.