Brokerages Set Aptiv PLC (NYSE:APTV) Price Target at $110.36

Aptiv PLC (NYSE:APTV) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $109.93.

A number of brokerages have recently issued reports on APTV. JPMorgan Chase & Co. cut their price objective on shares of Aptiv from $110.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday. Oppenheimer dropped their target price on shares of Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Guggenheim dropped their target price on shares of Aptiv from $103.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Wells Fargo & Company decreased their target price on shares of Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. Finally, Robert W. Baird cut shares of Aptiv from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $105.00 to $96.00 in a research note on Wednesday, January 3rd.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the transaction, the senior vice president now owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.34% of the stock is currently owned by insiders.

Institutional Trading of Aptiv

Several institutional investors have recently modified their holdings of the stock. Assetmark Inc. lifted its position in shares of Aptiv by 7.8% during the 3rd quarter. Assetmark Inc. now owns 1,780 shares of the auto parts company’s stock worth $175,000 after buying an additional 129 shares during the last quarter. Steph & Co. lifted its position in shares of Aptiv by 4.3% during the 3rd quarter. Steph & Co. now owns 3,149 shares of the auto parts company’s stock worth $310,000 after buying an additional 130 shares during the last quarter. Financial Advocates Investment Management lifted its position in shares of Aptiv by 5.9% during the 4th quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock worth $211,000 after buying an additional 132 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Aptiv by 2.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock valued at $578,000 after purchasing an additional 145 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Aptiv by 11.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock valued at $130,000 after purchasing an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

APTV stock opened at $70.10 on Friday. Aptiv has a 12 month low of $68.84 and a 12 month high of $113.60. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $77.15 and a 200 day moving average price of $82.03. The stock has a market cap of $19.11 billion, a PE ratio of 6.77, a P/E/G ratio of 0.89 and a beta of 1.90.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.95 billion. Equities research analysts anticipate that Aptiv will post 5.63 earnings per share for the current year.

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.