Aptiv’s (APTV) “Neutral” Rating Reaffirmed at UBS Group

UBS Group restated their neutral rating on shares of Aptiv (NYSE:APTV) in a report published on Thursday morning, Marketbeat Ratings reports. They currently have a $58.00 target price on the auto parts company’s stock, down from their previous target price of $91.00.

A number of other research analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Friday, February 7th. Piper Sandler lifted their target price on Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. TD Cowen started coverage on Aptiv in a research note on Friday, March 7th. They issued a “buy” rating and a $90.00 price target for the company. Oppenheimer boosted their target price on shares of Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company raised their target price on shares of Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.78.

Aptiv Trading Down 9.3 %

NYSE:APTV opened at $49.38 on Thursday. Aptiv has a 12 month low of $47.78 and a 12 month high of $85.56. The company has a market cap of $11.33 billion, a PE ratio of 7.18, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The company has a 50 day simple moving average of $62.21 and a two-hundred day simple moving average of $61.89.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Research analysts forecast that Aptiv will post 7.2 earnings per share for the current year.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.45% of the stock is owned by company insiders.

Institutional Investors Weigh In On Aptiv

Several large investors have recently modified their holdings of APTV. South Dakota Investment Council raised its stake in Aptiv by 32.9% in the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock worth $7,799,000 after buying an additional 31,941 shares in the last quarter. Focus Financial Network Inc. bought a new position in shares of Aptiv in the 4th quarter worth $379,000. Shorepath Capital Management LLC lifted its stake in shares of Aptiv by 21.8% during the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after purchasing an additional 11,835 shares during the last quarter. Diametric Capital LP bought a new stake in Aptiv during the fourth quarter valued at about $972,000. Finally, abrdn plc bought a new position in Aptiv in the fourth quarter worth about $30,374,000. Institutional investors own 94.21% of the company’s stock.

About Aptiv

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.