Aptiv (NYSE:APTV) PT Lowered to $99.00

Aptiv (NYSE:APTVGet Free Report) had its target price cut by research analysts at UBS Group from $107.00 to $99.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the auto parts company’s stock. UBS Group’s price target points to a potential upside of 42.57% from the stock’s current price.

A number of other equities analysts have also recently issued reports on APTV. Oppenheimer reissued an “outperform” rating and issued a $145.00 target price on shares of Aptiv in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Wells Fargo & Company dropped their price objective on shares of Aptiv from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. StockNews.com upgraded Aptiv from a “hold” rating to a “buy” rating in a research report on Thursday, July 4th. Finally, Piper Sandler lowered Aptiv from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $78.00 to $63.00 in a research note on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.91.

Read Our Latest Stock Analysis on Aptiv

Aptiv Stock Performance

Shares of APTV traded up $0.36 on Wednesday, reaching $69.44. 75,535 shares of the stock traded hands, compared to its average volume of 2,781,109. The firm has a market cap of $18.89 billion, a price-to-earnings ratio of 6.56, a P/E/G ratio of 0.67 and a beta of 1.79. Aptiv has a 12 month low of $65.13 and a 12 month high of $113.60. The stock’s 50-day moving average price is $77.41 and its 200-day moving average price is $78.74. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89.

Aptiv (NYSE:APTVGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The firm had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts forecast that Aptiv will post 6.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Nancy E. Cooper sold 394 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the sale, the director now owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Aptiv

Several institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in shares of Aptiv by 29.7% in the second quarter. CWM LLC now owns 10,720 shares of the auto parts company’s stock valued at $755,000 after purchasing an additional 2,452 shares in the last quarter. AMF Tjanstepension AB raised its holdings in shares of Aptiv by 21.4% in the second quarter. AMF Tjanstepension AB now owns 117,043 shares of the auto parts company’s stock valued at $8,242,000 after purchasing an additional 20,593 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Aptiv by 9.5% in the second quarter. Park Avenue Securities LLC now owns 16,707 shares of the auto parts company’s stock worth $1,176,000 after purchasing an additional 1,455 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Aptiv during the second quarter worth $350,000. Finally, Fulton Bank N.A. grew its position in Aptiv by 12.2% in the second quarter. Fulton Bank N.A. now owns 37,215 shares of the auto parts company’s stock valued at $2,621,000 after purchasing an additional 4,061 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Aptiv (NYSE:APTV)

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