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

Aptiv PLC (NYSE:APTV) has been assigned a consensus rating of “Moderate Buy” from the twenty-four research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twenty-two have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $82.50.

A number of research firms have recently issued reports on APTV. Morgan Stanley upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price target on the stock in a report on Friday, May 8th. BNP Paribas Exane decreased their price objective on shares of Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings cut shares of Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, July 1st. Wells Fargo & Company reduced their target price on Aptiv from $82.00 to $77.00 and set an “overweight” rating for the company in a report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Aptiv from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th.

Insider Transactions at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the transaction, the executive vice president owned 163,752 shares of the company’s stock, valued at $12,821,781.60. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Institutional Trading of Aptiv

Several large investors have recently modified their holdings of the company. Larson Financial Group LLC raised its holdings in Aptiv by 240.0% in the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 252 shares during the period. Atlas Capital Advisors Inc. bought a new stake in Aptiv during the fourth quarter valued at about $33,000. DV Equities LLC bought a new stake in Aptiv during the fourth quarter valued at about $33,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in shares of Aptiv by 60.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 180 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 398 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Trading Down 3.7%

Shares of APTV opened at $56.04 on Friday. The business’s 50-day moving average price is $61.75 and its 200 day moving average price is $67.89. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $11.86 billion, a P/E ratio of 33.16, a P/E/G ratio of 1.08 and a beta of 1.46. Aptiv has a 1-year low of $51.68 and a 1-year high of $88.93.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same period in the prior year, the firm earned $1.69 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts expect that Aptiv will post 5.93 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.