Aptiv PLC (NYSE:APTV) Receives Average Rating of “Moderate Buy” from Analysts

Aptiv PLC (NYSE:APTV) has received an average recommendation of “Moderate Buy” from the twenty-four research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, twenty-one have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $82.3261.

A number of equities research analysts have commented on APTV shares. Royal Bank Of Canada decreased their price objective on Aptiv from $104.00 to $81.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Barclays decreased their price objective on Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. JPMorgan Chase & Co. raised their price objective on Aptiv from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Robert W. Baird decreased their price objective on Aptiv from $105.00 to $74.00 and set an “outperform” rating for the company in a research report on Thursday, April 2nd. Finally, UBS Group decreased their price objective on Aptiv from $97.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd.

Aptiv Trading Up 1.2%

Shares of APTV opened at $69.45 on Thursday. The business’s 50-day moving average price is $60.76 and its 200 day moving average price is $71.49. The stock has a market capitalization of $14.70 billion, a P/E ratio of 41.09, a P/E/G ratio of 1.14 and a beta of 1.45. Aptiv has a 1-year low of $51.68 and a 1-year high of $88.93. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. The firm had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.Aptiv’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.69 EPS. Analysts expect that Aptiv will post 6.41 earnings per share for the current year.

Insider Buying and Selling

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the sale, the executive vice president directly owned 163,752 shares in the company, valued at approximately $12,821,781.60. This trade represents a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Aptiv

Several large investors have recently made changes to their positions in APTV. NewEdge Advisors LLC grew its stake in shares of Aptiv by 502.1% in the 1st quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock valued at $926,000 after buying an additional 12,973 shares in the last quarter. Woodline Partners LP grew its stake in shares of Aptiv by 439.2% in the 1st quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock valued at $4,528,000 after buying an additional 61,994 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Aptiv by 110.7% in the 1st quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock valued at $566,000 after buying an additional 4,998 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after buying an additional 398 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Aptiv by 523.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,561 shares of the auto parts company’s stock valued at $175,000 after buying an additional 2,150 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

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.