Aptiv (NYSE:APTV) PT Lowered to $109.00

Aptiv (NYSE:APTV) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $110.00 to $109.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 55.16% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Royal Bank of Canada lowered their price objective on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Guggenheim lowered their price objective on shares of Aptiv from $103.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Wells Fargo & Company decreased their price target on shares of Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. Morgan Stanley downgraded shares of Aptiv from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $90.00 to $74.00 in a research note on Wednesday, February 7th. Finally, Citigroup decreased their price target on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and an average price target of $109.93.

Aptiv Price Performance

Shares of APTV opened at $70.25 on Monday. Aptiv has a 1-year low of $68.84 and a 1-year high of $113.60. The stock has a market cap of $19.16 billion, a PE ratio of 6.78, a P/E/G ratio of 0.89 and a beta of 1.90. The firm has a 50-day simple moving average of $76.97 and a two-hundred day simple moving average of $81.84. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22.

Aptiv (NYSE:APTV) last announced its quarterly earnings results 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 business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.95 billion. As a group, analysts forecast that Aptiv will post 5.63 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of Aptiv

A number of institutional investors and hedge funds have recently bought and sold shares of APTV. Norges Bank purchased a new position in shares of Aptiv during the 4th quarter valued at approximately $302,902,000. Massachusetts Financial Services Co. MA lifted its stake in Aptiv by 17.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock worth $854,210,000 after purchasing an additional 1,405,569 shares during the last quarter. Vanguard Group Inc. lifted its stake in Aptiv by 4.2% during the third quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock worth $3,092,966,000 after purchasing an additional 1,265,774 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Aptiv by 65.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,158,382 shares of the auto parts company’s stock worth $193,650,000 after purchasing an additional 850,294 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Aptiv by 138.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company’s stock worth $127,121,000 after purchasing an additional 747,666 shares during the last quarter. Institutional investors and hedge funds 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.