JPMorgan Chase & Co. Trims Aptiv (NYSE:APTV) Target Price to $104.00

Aptiv (NYSE:APTV) had its price target lowered by JPMorgan Chase & Co. from $113.00 to $104.00 in a research note issued to investors on Monday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the auto parts company’s stock.

APTV has been the topic of several other research reports. Wells Fargo & Company cut their price target on Aptiv from $83.00 to $82.00 and set an equal weight rating on the stock in a report on Tuesday, June 25th. UBS Group cut their price target on Aptiv from $107.00 to $99.00 and set a buy rating on the stock in a report on Wednesday, July 10th. Piper Sandler downgraded Aptiv from a neutral rating to an underweight rating and cut their price target for the stock from $78.00 to $63.00 in a report on Wednesday, June 26th. StockNews.com downgraded Aptiv from a buy rating to a hold rating in a report on Friday, July 12th. Finally, Barclays cut their price target on Aptiv from $110.00 to $105.00 and set an overweight rating on the stock in a report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $98.71.

Aptiv Trading Up 1.1 %

NYSE:APTV opened at $67.83 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $74.83 and its two-hundred day moving average is $77.41. Aptiv has a 52 week low of $65.13 and a 52 week high of $113.14. The company has a market cap of $18.45 billion, a PE ratio of 6.39, a P/E/G ratio of 0.66 and a beta of 1.79.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. The company had revenue of $4.90 billion for 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%. Aptiv’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. On average, analysts predict that Aptiv will post 5.95 EPS for the current year.

Insider Activity

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

Hedge Funds Weigh In On Aptiv

Hedge funds have recently modified their holdings of the company. Riverview Trust Co acquired a new position in shares of Aptiv during the 1st quarter valued at $25,000. Independence Bank of Kentucky acquired a new position in shares of Aptiv during the 2nd quarter valued at $25,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Aptiv during the 1st quarter valued at $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Aptiv during the 4th quarter valued at $29,000. Finally, GAMMA Investing LLC acquired a new position in shares of Aptiv during the 4th quarter valued at $32,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.