Aptiv (NYSE:APTV) Given New $55.00 Price Target at Morgan Stanley

Aptiv (NYSE:APTV) had its target price reduced by Morgan Stanley from $60.00 to $55.00 in a research note issued to investors on Monday,Benzinga reports. Morgan Stanley currently has an underweight rating on the auto parts company’s stock.

APTV has been the topic of a number of other reports. HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and raised their price target for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. Argus upgraded Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. Wells Fargo & Company raised their price target on Aptiv from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday. TD Cowen began coverage on Aptiv in a research note on Friday, March 7th. They issued a “buy” rating and a $90.00 price target on the stock. Finally, Raymond James reiterated a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and an average price target of $82.33.

Aptiv Trading Down 0.8%

NYSE:APTV opened at $66.93 on Monday. The firm has a market cap of $14.57 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The stock has a fifty day moving average price of $58.55 and a 200 day moving average price of $59.78. Aptiv has a 12-month low of $47.19 and a 12-month high of $85.35. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same period last year, the firm earned $1.16 earnings per share. Aptiv’s quarterly revenue was down 1.6% on a year-over-year basis. Sell-side analysts anticipate that Aptiv will post 7.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. The trade was a 10.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Aptiv

Several institutional investors have recently modified their holdings of the company. Zions Bancorporation National Association UT purchased a new position in shares of Aptiv in the first quarter valued at $26,000. 1248 Management LLC acquired a new position in Aptiv during the first quarter worth about $28,000. Geneos Wealth Management Inc. lifted its holdings in shares of Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 398 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Aptiv in the fourth quarter valued at approximately $37,000. Finally, Mather Group LLC. grew its position in shares of Aptiv by 155.2% in the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 385 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Company Profile

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.