Aptiv (NYSE:APTV) Price Target Increased to $90.00 by Analysts at Robert W. Baird

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

A number of other equities research analysts also recently weighed in on APTV. Royal Bank of Canada lowered 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 reduced their target price on Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. Guggenheim cut their price objective on Aptiv from $103.00 to $92.00 and set a buy rating for the company in a report on Wednesday, April 17th. UBS Group raised their price objective on Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Finally, Citigroup cut their target price on Aptiv from $150.00 to $136.00 and set a buy rating for the company in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of Moderate Buy and an average price target of $109.29.

Aptiv Price Performance

Shares of NYSE:APTV opened at $80.82 on Friday. The company has a 50 day moving average of $76.05 and a 200 day moving average of $80.83. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42. The stock has a market cap of $22.04 billion, a P/E ratio of 7.62, a P/E/G ratio of 0.94 and a beta of 1.90. Aptiv has a 12 month low of $68.84 and a 12 month high of $113.60.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. The firm had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. As a group, sell-side analysts forecast that Aptiv will post 5.95 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction on Monday, March 11th. The shares were 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 directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates boosted its stake in Aptiv by 25.8% in the 3rd quarter. Raymond James & Associates now owns 675,580 shares of the auto parts company’s stock worth $66,605,000 after purchasing an additional 138,510 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in Aptiv by 2.3% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 13,489 shares of the auto parts company’s stock worth $1,330,000 after purchasing an additional 300 shares in the last quarter. Bank of New York Mellon Corp raised its position in Aptiv by 3.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,209,297 shares of the auto parts company’s stock worth $217,815,000 after buying an additional 71,759 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Aptiv by 2.8% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 132,700 shares of the auto parts company’s stock worth $13,083,000 after buying an additional 3,600 shares during the last quarter. Finally, JB Capital LLC raised its position in Aptiv by 17.9% in the 3rd quarter. JB Capital LLC now owns 23,642 shares of the auto parts company’s stock worth $2,331,000 after buying an additional 3,594 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

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.