Robert W. Baird Issues Pessimistic Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its price objective lowered by research analysts at Robert W. Baird from $84.00 to $65.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the auto parts company’s stock. Robert W. Baird’s target price would suggest a potential upside of 27.85% from the company’s current price.

A number of other research analysts also recently commented on the company. Raymond James reiterated a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. Argus upgraded shares of Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. StockNews.com started coverage on shares of Aptiv in a research note on Saturday, April 12th. They issued a “hold” rating on the stock. Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, UBS Group reaffirmed a “neutral” rating and set a $58.00 price objective (down previously from $91.00) on shares of Aptiv in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.44.

Aptiv Price Performance

Shares of Aptiv stock opened at $50.84 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv has a 12 month low of $47.19 and a 12 month high of $85.56. The stock has a market capitalization of $11.67 billion, a P/E ratio of 7.39, a PEG ratio of 0.62 and a beta of 1.64. The business has a 50 day simple moving average of $61.20 and a two-hundred day simple moving average of $61.35.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, analysts predict that Aptiv will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Aptiv

Large investors have recently made changes to their positions in the stock. Norges Bank bought a new position in Aptiv in the 4th quarter valued at about $106,492,000. Pictet Asset Management Holding SA increased its position in Aptiv by 1,018.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock worth $102,262,000 after buying an additional 1,539,724 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after buying an additional 1,517,104 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Aptiv by 29.7% in the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock valued at $371,767,000 after acquiring an additional 1,408,433 shares in the last quarter. Finally, Paloma Partners Management Co raised its stake in Aptiv by 968.7% in the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company’s stock worth $55,007,000 after purchasing an additional 824,400 shares in 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.