Robert W. Baird Cuts Aptiv (NYSE:APTV) Price Target to $65.00

Aptiv (NYSE:APTV) had its price objective decreased by Robert W. Baird from $85.00 to $65.00 in a research note issued to investors on Friday, Benzinga reports. Robert W. Baird currently has a neutral rating on the auto parts company’s stock.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. The Goldman Sachs Group decreased their price target on Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Morgan Stanley cut their price target on Aptiv from $70.00 to $68.00 and set an “underweight” rating for the company in a report on Wednesday, September 25th. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Finally, Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Aptiv Stock Down 0.8 %

APTV opened at $55.93 on Friday. Aptiv has a 1-year low of $54.70 and a 1-year high of $91.66. The business has a 50 day moving average of $69.25 and a 200-day moving average of $72.34. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of 6.24, a P/E/G ratio of 0.52 and a beta of 1.81. The company has a current ratio of 1.50, a quick ratio of 1.09 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.30 earnings per share. As a group, sell-side analysts anticipate that Aptiv will post 6.23 earnings per share for the current year.

Institutional Trading of Aptiv

A number of hedge funds have recently modified their holdings of APTV. Janney Montgomery Scott LLC increased its stake in Aptiv by 36.6% in the first quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company’s stock valued at $3,818,000 after purchasing an additional 12,835 shares in the last quarter. Hemenway Trust Co LLC boosted its position in shares of Aptiv by 25.2% during the first quarter. Hemenway Trust Co LLC now owns 55,968 shares of the auto parts company’s stock worth $4,458,000 after purchasing an additional 11,270 shares in the last quarter. M&G Plc acquired a new position in shares of Aptiv in the 1st quarter valued at $8,337,000. Sei Investments Co. increased its position in shares of Aptiv by 9.5% in the 1st quarter. Sei Investments Co. now owns 287,781 shares of the auto parts company’s stock valued at $22,926,000 after buying an additional 25,003 shares in the last quarter. Finally, Swedbank AB acquired a new stake in Aptiv during the 2nd quarter worth $25,018,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.