Aptiv PLC (NYSE:APTV) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Aptiv PLC (NYSE:APTV) have earned a consensus rating of “Moderate Buy” from the twenty-four analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and twenty-two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $82.4565.

Several research firms have commented on APTV. Wall Street Zen lowered shares of Aptiv from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Citigroup dropped their price objective on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Fox Advisors dropped their price objective on shares of Aptiv from $110.00 to $70.00 in a research note on Friday, May 8th. Wolfe Research raised shares of Aptiv from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research note on Friday, March 6th. Finally, Barclays dropped their price objective on shares of Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th.

Insider Buying and Selling

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is owned by insiders.

Institutional Trading of Aptiv

Several institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp lifted its position in shares of Aptiv by 4.3% during the fourth quarter. State Street Corp now owns 10,066,712 shares of the auto parts company’s stock worth $765,976,000 after purchasing an additional 419,375 shares during the last quarter. Norges Bank bought a new stake in shares of Aptiv during the fourth quarter worth $634,961,000. Geode Capital Management LLC lifted its position in shares of Aptiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 5,821,615 shares of the auto parts company’s stock worth $441,289,000 after purchasing an additional 99,876 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Aptiv by 34.2% during the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock worth $349,067,000 after purchasing an additional 1,167,946 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Aptiv by 29.2% during the third quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock worth $361,385,000 after purchasing an additional 948,327 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Trading Up 0.2%

APTV stock opened at $60.47 on Monday. The firm has a fifty day moving average price of $61.51 and a 200 day moving average price of $70.36. Aptiv has a fifty-two week low of $51.68 and a fifty-two week high of $88.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. The firm has a market cap of $12.80 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 1.01 and a beta of 1.45.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.62 by $0.09. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. Aptiv’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.69 earnings per share. Sell-side analysts anticipate that Aptiv will post 6.37 earnings per share for the current fiscal year.

Aptiv Company Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.