Aptiv PLC (NYSE:APTV) Receives Average Recommendation of “Moderate Buy” from Analysts

Aptiv PLC (NYSE:APTVGet Rating) has been assigned an average recommendation of “Moderate Buy” from the twenty analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $151.11.

A number of equities analysts have issued reports on the stock. Cowen reduced their price objective on shares of Aptiv to $130.00 in a research note on Tuesday, August 9th. Raymond James cut their price objective on shares of Aptiv from $158.00 to $145.00 in a research report on Friday, August 5th. StockNews.com upgraded shares of Aptiv from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Aptiv from $136.00 to $132.00 and set a “buy” rating on the stock in a research note on Friday, August 5th. Finally, Wells Fargo & Company reduced their target price on shares of Aptiv from $112.00 to $102.00 and set an “equal weight” rating for the company in a report on Monday, July 11th.

Aptiv Stock Down 4.4 %

APTV stock opened at $86.87 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.63 and a quick ratio of 2.04. The company has a 50-day moving average of $98.53 and a two-hundred day moving average of $101.59. Aptiv has a 52-week low of $84.14 and a 52-week high of $180.81. The stock has a market capitalization of $23.54 billion, a price-to-earnings ratio of 206.83, a price-to-earnings-growth ratio of 2.66 and a beta of 2.01.

Aptiv (NYSE:APTVGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.36). The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. Aptiv had a return on equity of 6.01% and a net margin of 1.10%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. As a group, equities research analysts anticipate that Aptiv will post 3.2 EPS for the current year.

Insider Buying and Selling

In other Aptiv news, CEO Kevin P. Clark sold 6,665 shares of the business’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $89.36, for a total transaction of $595,584.40. Following the transaction, the chief executive officer now directly owns 639,217 shares of the company’s stock, valued at approximately $57,120,431.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 19,995 shares of company stock valued at $1,887,195 over the last three months. 0.41% of the stock is owned by company insiders.

Institutional Investors Weigh In On Aptiv

Several hedge funds and other institutional investors have recently made changes to their positions in APTV. Vanguard Group Inc. grew its holdings in Aptiv by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 28,817,851 shares of the auto parts company’s stock valued at $3,449,785,000 after buying an additional 340,939 shares in the last quarter. BlackRock Inc. lifted its position in shares of Aptiv by 2.4% during the first quarter. BlackRock Inc. now owns 20,684,716 shares of the auto parts company’s stock worth $2,476,166,000 after purchasing an additional 488,018 shares during the last quarter. State Street Corp lifted its position in shares of Aptiv by 4.3% during the fourth quarter. State Street Corp now owns 10,941,917 shares of the auto parts company’s stock worth $1,804,869,000 after purchasing an additional 452,955 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Aptiv by 2.8% during the fourth quarter. Alliancebernstein L.P. now owns 8,326,437 shares of the auto parts company’s stock worth $1,373,446,000 after purchasing an additional 225,599 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of Aptiv by 1.1% during the second quarter. Clearbridge Investments LLC now owns 5,906,207 shares of the auto parts company’s stock valued at $526,066,000 after buying an additional 61,666 shares during the period. Hedge funds and other institutional investors own 90.03% of the company’s stock.

About Aptiv

(Get Rating)

Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.

Further Reading

Analyst Recommendations for Aptiv (NYSE:APTV)

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