Robert W. Baird Increases Aptiv (NYSE:APTV) Price Target to $75.00

Aptiv (NYSE:APTV) had its price objective boosted by Robert W. Baird from $70.00 to $75.00 in a report published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the auto parts company’s stock.

A number of other equities research analysts have also issued reports on the stock. Morgan Stanley cut their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. StockNews.com initiated coverage on shares of Aptiv in a report on Wednesday. They issued a “hold” rating on the stock. Guggenheim reissued a “buy” rating and set a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. JPMorgan Chase & Co. lifted their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $85.06.

Aptiv Stock Up 2.0 %

Shares of APTV stock opened at $64.02 on Thursday. The company has a market capitalization of $15.05 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 0.55 and a beta of 1.75. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The company’s fifty day moving average price is $58.19 and its 200-day moving average price is $64.84. Aptiv has a one year low of $51.47 and a one year high of $88.89.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.30 earnings per share. Sell-side analysts expect that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Several institutional investors have recently made changes to their positions in APTV. Caprock Group LLC grew its holdings in Aptiv by 80.2% during the 4th quarter. Caprock Group LLC now owns 9,774 shares of the auto parts company’s stock valued at $591,000 after purchasing an additional 4,351 shares during the last quarter. OLD Second National Bank of Aurora boosted its position in shares of Aptiv by 13.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 24,308 shares of the auto parts company’s stock valued at $1,470,000 after buying an additional 2,893 shares during the period. Washington Capital Management Inc. purchased a new stake in shares of Aptiv in the fourth quarter worth approximately $336,000. Swedbank AB lifted its stake in shares of Aptiv by 14.7% during the 4th quarter. Swedbank AB now owns 192,429 shares of the auto parts company’s stock worth $11,638,000 after acquiring an additional 24,666 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Aptiv by 538.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 147,974 shares of the auto parts company’s stock valued at $8,949,000 after acquiring an additional 124,813 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.