Aptiv (NYSE:APTV) Given New $65.00 Price Target at Barclays

Aptiv (NYSE:APTV) had its price target boosted by Barclays from $55.00 to $65.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

Other equities analysts also recently issued reports about the company. Piper Sandler boosted their price objective on Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Guggenheim lowered their price target on Aptiv from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Royal Bank of Canada boosted their target price on shares of Aptiv from $60.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday. Finally, TD Cowen started coverage on shares of Aptiv in a research note on Friday, March 7th. They set a “buy” rating and a $90.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.06.

Aptiv Stock Down 0.3 %

NYSE APTV opened at $58.77 on Monday. Aptiv has a 52 week low of $47.19 and a 52 week high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $13.48 billion, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. The stock’s 50-day moving average price is $58.30 and its 200-day moving average price is $59.82.

Aptiv (NYSE:APTV) last posted its quarterly earnings results 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 business had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts predict that Aptiv will post 7.2 earnings per share for the current year.

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is owned by company insiders.

Institutional Trading of Aptiv

Several institutional investors and hedge funds have recently modified their holdings of APTV. Allianz Asset Management GmbH increased its holdings in Aptiv by 84.2% during the 1st quarter. Allianz Asset Management GmbH now owns 25,379 shares of the auto parts company’s stock worth $1,510,000 after purchasing an additional 11,600 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Aptiv by 22.4% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 173,588 shares of the auto parts company’s stock worth $10,329,000 after buying an additional 31,800 shares in the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of Aptiv during the first quarter valued at $117,260,000. Copperwynd Financial LLC raised its holdings in shares of Aptiv by 143.5% in the first quarter. Copperwynd Financial LLC now owns 9,815 shares of the auto parts company’s stock valued at $584,000 after acquiring an additional 5,784 shares in the last quarter. Finally, Tectonic Advisors LLC lifted its stake in Aptiv by 35.2% in the first quarter. Tectonic Advisors LLC now owns 23,120 shares of the auto parts company’s stock worth $1,376,000 after acquiring an additional 6,021 shares during the period. Institutional investors own 94.21% of the company’s stock.

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.