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

Shares of Aptiv PLC (NYSE:APTV) have been assigned an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $99.4762.

Several equities research analysts have commented on APTV shares. Royal Bank Of Canada boosted their target price on shares of Aptiv from $101.00 to $104.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Evercore ISI boosted their price objective on shares of Aptiv from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. US Capital Advisors set a $110.00 target price on shares of Aptiv in a report on Tuesday, January 13th. UBS Group lifted their price target on shares of Aptiv from $94.00 to $99.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, Citigroup began coverage on Aptiv in a report on Friday, October 10th. They issued a “buy” rating and a $109.00 price target on the stock.

Insiders Place Their Bets

In other Aptiv news, EVP Katherine H. Ramundo sold 5,000 shares of Aptiv stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $85.00, for a total transaction of $425,000.00. Following the completion of the transaction, the executive vice president owned 116,959 shares in the company, valued at approximately $9,941,515. The trade was a 4.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Saranac Partners Ltd acquired a new stake in shares of Aptiv during the third quarter worth $25,000. Foster Dykema Cabot & Partners LLC purchased a new position in Aptiv during the third quarter worth about $30,000. Root Financial Partners LLC acquired a new stake in Aptiv in the 3rd quarter worth about $31,000. True Wealth Design LLC grew its holdings in Aptiv by 83.8% in the 2nd quarter. True Wealth Design LLC now owns 397 shares of the auto parts company’s stock valued at $27,000 after buying an additional 181 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 398 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Price Performance

Shares of APTV opened at $78.86 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average is $78.58 and its two-hundred day moving average is $78.64. Aptiv has a twelve month low of $47.19 and a twelve month high of $88.93. The firm has a market capitalization of $17.04 billion, a PE ratio of 62.59, a P/E/G ratio of 0.95 and a beta of 1.50.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.36. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.05 billion. Aptiv had a return on equity of 18.51% and a net margin of 1.46%.The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 earnings per share. Research analysts anticipate that Aptiv will post 7.2 earnings per share for the current 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.