Aptiv (NYSE:APTV) had its target price raised by research analysts at Barclays from $104.00 to $114.00 in a note issued to investors on Friday. The brokerage presently has an “overweight” rating on the auto parts company’s stock. Barclays’ price objective indicates a potential upside of 21.01% from the company’s current price.
Several other brokerages have also commented on APTV. UBS Group initiated coverage on shares of Aptiv in a report on Wednesday, December 6th. They issued a “neutral” rating on the stock. Evercore ISI started coverage on shares of Aptiv in a research note on Wednesday, December 13th. They set an “outperform” rating and a $92.00 target price on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $104.00 target price on shares of Aptiv in a research note on Tuesday, January 9th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Aptiv in a research note on Friday, November 3rd. Finally, Jefferies Group set a $100.00 target price on shares of Aptiv and gave the stock a “buy” rating in a research note on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $96.48.
Shares of Aptiv (NYSE APTV) traded down $1.59 during mid-day trading on Friday, hitting $94.21. 2,546,690 shares of the stock traded hands, compared to its average volume of 1,850,000. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.22 and a current ratio of 1.62. Aptiv has a 52-week low of $73.00 and a 52-week high of $96.91. The firm has a market cap of $25,040.00, a price-to-earnings ratio of 18.36, a P/E/G ratio of 1.70 and a beta of 1.48.
In other news, insider Kevin P. Clark acquired 22,500 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were bought at an average cost of $87.88 per share, with a total value of $1,977,300.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Frank J. Dellaquila bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was bought at an average cost of $83.88 per share, for a total transaction of $83,880.00. The disclosure for this purchase can be found here. Corporate insiders own 0.31% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of APTV. Exxonmobil Investment Management Inc. TX purchased a new position in shares of Aptiv in the 4th quarter valued at $3,586,000. American National Bank purchased a new position in shares of Aptiv in the 4th quarter valued at $3,632,000. Appleton Partners Inc. MA purchased a new position in shares of Aptiv in the 4th quarter valued at $823,000. Nisa Investment Advisors LLC purchased a new position in shares of Aptiv in the 4th quarter valued at $1,857,000. Finally, Bremer Trust National Association purchased a new position in shares of Aptiv in the 4th quarter valued at $1,914,000. 91.13% of the stock is currently owned by hedge funds and other institutional investors.
Aptiv Company Profile
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.
