Aptiv (NYSE:APTV) Price Target Raised to $113.00 at JPMorgan Chase & Co.

Aptiv (NYSE:APTV) had its price target raised by JPMorgan Chase & Co. from $109.00 to $113.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an overweight rating on the auto parts company’s stock.

APTV has been the topic of a number of other reports. Piper Sandler dropped their price objective on shares of Aptiv from $80.00 to $79.00 and set a neutral rating on the stock in a research note on Thursday, February 1st. Barclays reduced their price target on Aptiv from $112.00 to $110.00 and set an overweight rating for the company in a research report on Thursday, April 11th. Morgan Stanley cut shares of Aptiv from an equal weight rating to an underweight rating and reduced their price objective for the company from $90.00 to $74.00 in a research note on Wednesday, February 7th. Royal Bank of Canada dropped their price objective on Aptiv from $115.00 to $104.00 and set an outperform rating for the company in a research note on Thursday, February 1st. Finally, Oppenheimer dropped their price objective on shares of Aptiv from $148.00 to $145.00 and set an outperform rating for the company in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Aptiv presently has an average rating of Moderate Buy and an average target price of $108.15.

Aptiv Stock Down 1.7 %

Shares of NYSE APTV opened at $83.01 on Tuesday. The company has a market cap of $22.58 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 0.97 and a beta of 1.90. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42. Aptiv has a 12 month low of $68.84 and a 12 month high of $113.60. The stock has a 50-day moving average price of $76.35 and a two-hundred day moving average price of $80.42.

Aptiv (NYSE:APTV) last posted 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. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The firm had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. As a group, analysts forecast that Aptiv will post 5.99 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the transaction, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Gradient Investments LLC boosted its stake in shares of Aptiv by 36.1% during the 4th quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock worth $13,902,000 after acquiring an additional 41,135 shares during the last quarter. International Assets Investment Management LLC bought a new position in Aptiv in the 4th quarter worth $13,120,000. Arbor Wealth Advisors LLC bought a new stake in Aptiv during the fourth quarter valued at about $1,875,000. Douglas Lane & Associates LLC raised its stake in shares of Aptiv by 20.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 378,655 shares of the auto parts company’s stock worth $33,973,000 after buying an additional 65,354 shares during the period. Finally, OLD National Bancorp IN boosted its position in shares of Aptiv by 23.7% in the fourth quarter. OLD National Bancorp IN now owns 70,926 shares of the auto parts company’s stock worth $6,363,000 after purchasing an additional 13,579 shares during the period. 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.