Robert W. Baird Boosts Aptiv (NYSE:APTV) Price Target to $90.00

Aptiv (NYSE:APTV) had its price objective increased by Robert W. Baird from $86.00 to $90.00 in a research note published on Friday, Benzinga reports. Robert W. Baird currently has a neutral rating on the auto parts company’s stock.

A number of other equities analysts also recently commented on APTV. Barclays dropped their target price on shares of Aptiv from $112.00 to $110.00 and set an overweight rating on the stock in a research note on Thursday, April 11th. Guggenheim dropped their price objective on Aptiv from $103.00 to $92.00 and set a buy rating on the stock in a research note on Wednesday, April 17th. Citigroup decreased their target price on Aptiv from $150.00 to $136.00 and set a buy rating for the company in a research report on Thursday, February 1st. Wells Fargo & Company dropped their price target on Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Finally, Morgan Stanley downgraded Aptiv from an equal weight rating to an underweight rating and decreased their price objective for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Aptiv currently has an average rating of Moderate Buy and a consensus target price of $107.85.

Aptiv Trading Up 3.9 %

Shares of NYSE APTV opened at $80.82 on Friday. Aptiv has a fifty-two week low of $68.84 and a fifty-two week high of $113.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.22 and a current ratio of 1.29. The company has a market cap of $22.04 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.97 and a beta of 1.90. The business’s 50 day moving average price is $76.13 and its 200-day moving average price is $80.53.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 earnings per share. On average, sell-side analysts expect that Aptiv will post 5.99 earnings per share for the current year.

Insider Buying and Selling at Aptiv

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

Institutional Investors Weigh In On Aptiv

Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. increased its holdings in shares of Aptiv by 7.8% during the third quarter. Assetmark Inc. now owns 1,780 shares of the auto parts company’s stock valued at $175,000 after acquiring an additional 129 shares in the last quarter. Steph & Co. increased its stake in Aptiv by 4.3% during the 3rd quarter. Steph & Co. now owns 3,149 shares of the auto parts company’s stock valued at $310,000 after purchasing an additional 130 shares in the last quarter. Financial Advocates Investment Management raised its holdings in shares of Aptiv by 5.9% in the fourth quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock worth $211,000 after buying an additional 132 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Aptiv by 2.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock worth $578,000 after buying an additional 145 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Aptiv by 11.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock valued at $130,000 after acquiring an additional 146 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.