Aptiv (NYSE:APTV) had its price target upped by analysts at Piper Jaffray Companies from $105.00 to $108.00 in a research report issued on Friday. The firm presently has an “overweight” rating on the auto parts company’s stock. Piper Jaffray Companies’ target price points to a potential upside of 14.64% from the company’s previous close.
A number of other brokerages also recently issued reports on APTV. Goldman Sachs Group assumed coverage on shares of Aptiv in a report on Tuesday, December 5th. They issued a “buy” rating and a $57.00 price target for the company. Royal Bank of Canada assumed coverage on shares of Aptiv in a report on Monday, December 4th. They issued an “outperform” rating and a $60.00 price target for the company. Robert W. Baird assumed coverage on shares of Aptiv in a report on Wednesday, November 22nd. They issued an “outperform” rating and a $61.00 price target for the company. Guggenheim assumed coverage on shares of Aptiv in a report on Monday, November 27th. They issued a “buy” rating and a $70.00 price target for the company. Finally, UBS Group downgraded shares of Aptiv from a “buy” rating to a “neutral” rating and set a $102.00 price target for the company. in a report on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $96.48.
Shares of Aptiv (APTV) traded down $1.59 on Friday, hitting $94.21. 2,546,690 shares of the stock were exchanged, compared to its average volume of 1,850,000. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.62 and a quick ratio of 1.22. The stock has a market cap of $25,040.00, a P/E ratio of 18.36, a PEG ratio of 1.70 and a beta of 1.48. Aptiv has a 1-year low of $73.00 and a 1-year high of $96.91.
In other news, Director Frank J. Dellaquila purchased 1,000 shares of the stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of $83.88 per share, for a total transaction of $83,880.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bernd Wiedemann sold 17,000 shares of Aptiv stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $101.54, for a total transaction of $1,726,180.00. Following the sale, the director now owns 7,975 shares of the company’s stock, valued at $809,781.50. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in shares of Aptiv during the fourth quarter worth about $127,000. Huntington National Bank purchased a new stake in shares of Aptiv during the fourth quarter worth about $138,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Aptiv during the fourth quarter worth about $144,000. IFP Advisors Inc acquired a new stake in shares of Aptiv in the fourth quarter worth approximately $162,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Aptiv in the fourth quarter worth approximately $163,000. Institutional investors and hedge funds own 91.13% of the company’s stock.
About Aptiv
Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.
