Aptiv (NYSE:APTV) Sees Large Volume Increase

Aptiv PLC (NYSE:APTVGet Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 958,277 shares were traded during trading, a decline of 65% from the previous session’s volume of 2,739,044 shares.The stock last traded at $68.29 and had previously closed at $67.54.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on APTV shares. Wells Fargo & Company reduced their price target on Aptiv from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Tuesday. Guggenheim raised their price objective on Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. UBS Group raised their price objective on Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Robert W. Baird raised their price objective on Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, Oppenheimer cut their price objective on Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $105.08.

Check Out Our Latest Analysis on Aptiv

Aptiv Stock Performance

The firm has a fifty day simple moving average of $77.64 and a 200 day simple moving average of $79.91. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42. The stock has a market cap of $18.72 billion, a price-to-earnings ratio of 6.49, a PEG ratio of 0.70 and a beta of 1.87.

Aptiv (NYSE:APTVGet Free Report) last issued its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the company posted $0.91 earnings per share. Aptiv’s revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts expect that Aptiv PLC will post 6.01 earnings per share for the current year.

Insider Transactions at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total transaction of $30,330.12. Following the completion of the transaction, the director now directly owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Aptiv

Hedge funds and other institutional investors have recently made changes to their positions in the business. Riverview Trust Co bought a new position in shares of Aptiv during the 1st quarter worth about $25,000. Hazlett Burt & Watson Inc. bought a new position in Aptiv during the 1st quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC bought a new position in Aptiv during the 4th quarter valued at about $29,000. GAMMA Investing LLC bought a new position in Aptiv during the 4th quarter valued at about $32,000. Finally, Clearstead Trust LLC lifted its holdings in Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 305 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

About Aptiv

(Get Free Report)

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.

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