Aptiv PLC (NYSE:APTV) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Aptiv PLC (NYSE:APTV) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $110.36.

A number of brokerages recently weighed in on APTV. Robert W. Baird downgraded Aptiv from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $105.00 to $96.00 in a research note on Wednesday, January 3rd. Oppenheimer dropped their price target on Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. UBS Group boosted their price objective on Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Royal Bank of Canada lowered their price objective on Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Finally, Wells Fargo & Company decreased their price target on Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th.

Aptiv Trading Up 0.4 %

Shares of APTV opened at $69.63 on Friday. The business’s 50-day moving average price is $77.42 and its 200 day moving average price is $82.38. The stock has a market capitalization of $18.99 billion, a P/E ratio of 6.72, a P/E/G ratio of 0.90 and a beta of 1.90. Aptiv has a 1-year low of $68.84 and a 1-year high of $113.60. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The firm had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.95 billion. Analysts expect that Aptiv will post 5.64 earnings per share for the current year.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

Institutional Trading of Aptiv

Hedge funds have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. increased its stake in shares of Aptiv by 5.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,839 shares of the auto parts company’s stock worth $1,657,000 after purchasing an additional 732 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Aptiv by 127.8% during the first quarter. Panagora Asset Management Inc. now owns 10,798 shares of the auto parts company’s stock worth $1,293,000 after purchasing an additional 6,057 shares during the period. Synovus Financial Corp increased its stake in shares of Aptiv by 15.0% during the first quarter. Synovus Financial Corp now owns 3,395 shares of the auto parts company’s stock worth $406,000 after purchasing an additional 443 shares during the period. Cibc World Market Inc. increased its stake in shares of Aptiv by 25.4% during the first quarter. Cibc World Market Inc. now owns 5,600 shares of the auto parts company’s stock worth $670,000 after purchasing an additional 1,133 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Aptiv by 32.6% during the first quarter. Sequoia Financial Advisors LLC now owns 2,239 shares of the auto parts company’s stock worth $268,000 after purchasing an additional 551 shares during the period. 94.21% of the stock is 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.