Aptiv PLC (NYSE:APTV) Receives $113.57 Consensus Target Price from Analysts

Shares of Aptiv PLC (NYSE:APTV) have been given an average rating of “Moderate Buy” by the thirteen analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $113.57.

APTV has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their target price on Aptiv from $135.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Royal Bank of Canada cut their target price on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Wells Fargo & Company boosted their target price on shares of Aptiv from $79.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. Guggenheim dropped their price target on Aptiv from $120.00 to $103.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Finally, Citigroup dropped their price objective on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st.

Aptiv Stock Performance

Shares of NYSE:APTV opened at $79.62 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. Aptiv has a 1 year low of $71.01 and a 1 year high of $113.60. The firm has a market capitalization of $21.71 billion, a PE ratio of 7.69, a P/E/G ratio of 0.99 and a beta of 1.90. The business’s 50 day moving average price is $80.06 and its 200-day moving average price is $85.20.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. As a group, equities research analysts expect that Aptiv will post 5.67 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Aptiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Aptiv in the fourth quarter valued at $382,261,000. Price T Rowe Associates Inc. MD raised its position in shares of Aptiv by 350.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,723,984 shares of the auto parts company’s stock valued at $305,605,000 after acquiring an additional 2,119,819 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Aptiv by 17.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock valued at $854,210,000 after buying an additional 1,405,569 shares in the last quarter. Vanguard Group Inc. lifted its stake in Aptiv by 4.2% in the third quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock valued at $3,092,966,000 after buying an additional 1,265,774 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Aptiv by 65.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,158,382 shares of the auto parts company’s stock valued at $193,650,000 after purchasing an additional 850,294 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Company Profile

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.