Aptiv PLC (NYSE:APTV) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Aptiv PLC (NYSE:APTV) have been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $106.50.

A number of research firms recently issued reports on APTV. JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th. StockNews.com upgraded Aptiv from a “hold” rating to a “buy” rating in a report on Wednesday. UBS Group lifted their price objective on Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Oppenheimer dropped their target price on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Finally, Barclays decreased their price objective on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th.

Insider Buying and Selling at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the sale, the director now directly owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Institutional Trading of Aptiv

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Aptiv by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock worth $2,843,905,000 after acquiring an additional 325,550 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Aptiv by 17.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock worth $854,210,000 after purchasing an additional 1,405,569 shares during the last quarter. Impax Asset Management Group plc grew its stake in Aptiv by 7.1% in the fourth quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock worth $651,978,000 after purchasing an additional 483,157 shares in the last quarter. American Century Companies Inc. increased its holdings in Aptiv by 1.1% in the third quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock valued at $496,706,000 after buying an additional 53,288 shares during the last quarter. Finally, Capital World Investors acquired a new stake in Aptiv during the first quarter valued at approximately $343,760,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of NYSE APTV opened at $70.30 on Friday. The company has a 50-day simple moving average of $77.94 and a 200-day simple moving average of $80.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. The company has a market cap of $19.13 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87. Aptiv has a 12 month low of $68.84 and a 12 month high of $113.60.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the previous year, the firm posted $0.91 EPS. Aptiv’s revenue was up 1.1% on a year-over-year basis. On average, equities analysts anticipate that Aptiv will post 6.01 earnings per share for the current year.

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.