Aptiv (NYSE:APTV) PT Lowered to $83.00 at Robert W. Baird

Aptiv (NYSE:APTV) had its target price cut by Robert W. Baird from $90.00 to $83.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

Several other equities research analysts have also issued reports on the stock. Barclays dropped their price objective on shares of Aptiv from $112.00 to $110.00 and set an overweight rating for the company in a research report on Thursday, April 11th. JPMorgan Chase & Co. increased their target price on Aptiv from $109.00 to $113.00 and gave the company an overweight rating in a research note on Tuesday, May 7th. Piper Sandler downgraded shares of Aptiv from a neutral rating to an underweight rating and dropped their price target for the stock from $78.00 to $63.00 in a research note on Wednesday, June 26th. Wells Fargo & Company cut their target price on Aptiv from $83.00 to $82.00 and set an equal weight rating on the stock in a research report on Tuesday, June 25th. Finally, UBS Group reduced their price objective on shares of Aptiv from $107.00 to $99.00 and set a buy rating on the stock in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of Hold and a consensus target price of $98.00.

Aptiv Stock Up 1.4 %

Shares of APTV opened at $72.72 on Friday. Aptiv has a fifty-two week low of $65.13 and a fifty-two week high of $113.14. The company’s fifty day moving average is $77.13 and its two-hundred day moving average is $78.35. The firm has a market cap of $19.78 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 0.70 and a beta of 1.79. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (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 the consensus estimate of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. Analysts forecast that Aptiv will post 5.99 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Aptiv by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock worth $2,843,905,000 after purchasing an additional 325,550 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Aptiv by 17.3% in 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 in the last quarter. Impax Asset Management Group plc boosted its stake in shares of Aptiv by 7.1% during the 4th quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock valued at $651,978,000 after buying an additional 483,157 shares during the period. Capital World Investors acquired a new position in Aptiv in the 1st quarter worth about $343,760,000. Finally, Clearbridge Investments LLC lifted its stake in Aptiv by 3.1% in the first quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock valued at $343,728,000 after acquiring an additional 131,431 shares during the last quarter. Institutional investors 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.