Aptiv (NYSE:APTV) PT Raised to $113.00 at JPMorgan Chase & Co.

Aptiv (NYSE:APTV) had its price objective raised by stock analysts at JPMorgan Chase & Co. from $109.00 to $113.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 35.82% from the company’s previous close.

APTV has been the subject of several other research reports. Robert W. Baird upped their price objective on shares of Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Royal Bank of Canada dropped 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. UBS Group upped their price objective on shares of Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Barclays dropped their price objective on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. Finally, Citigroup dropped their price objective 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.31.

Aptiv Stock Up 0.2 %

APTV opened at $83.20 on Tuesday. Aptiv has a twelve month low of $68.84 and a twelve month high of $113.60. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $76.35 and a 200 day moving average price of $80.42. The company has a market cap of $22.64 billion, a PE ratio of 7.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.90.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Sell-side analysts expect that Aptiv will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on 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 approximately $7,396,942.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aptiv

A number of hedge funds have recently made changes to their positions in APTV. Riverview Trust Co purchased a new position in shares of Aptiv during the 1st quarter worth approximately $25,000. Hazlett Burt & Watson Inc. acquired a new stake in Aptiv during the 1st quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Aptiv during the 4th quarter worth approximately $29,000. GAMMA Investing LLC acquired a new stake in Aptiv during the 4th quarter worth approximately $32,000. Finally, Mather Group LLC. acquired a new stake in Aptiv during the 1st quarter worth approximately $33,000. Hedge funds and other 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.