Aptiv (NYSE:APTV) Price Target Cut to $109.00 by Analysts at JPMorgan Chase & Co.

Aptiv (NYSE:APTV) had its price objective trimmed by JPMorgan Chase & Co. from $110.00 to $109.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

Several other research analysts have also issued reports on APTV. Guggenheim reduced their target price on Aptiv from $103.00 to $92.00 and set a buy rating on the stock in a research report on Wednesday, April 17th. Oppenheimer cut their price objective on Aptiv from $149.00 to $148.00 and set an outperform rating on the stock in a report on Thursday, February 1st. Morgan Stanley lowered Aptiv from an equal weight rating to an underweight rating and cut their price objective for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. Royal Bank of Canada cut their price objective on Aptiv from $115.00 to $104.00 and set an outperform rating on the stock in a report on Thursday, February 1st. Finally, Piper Sandler lowered their target price on Aptiv from $80.00 to $79.00 and set a neutral rating on the stock in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $109.93.

Aptiv Trading Up 0.7 %

Shares of NYSE APTV opened at $70.10 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. The stock has a market capitalization of $19.11 billion, a P/E ratio of 6.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.90. Aptiv has a 1-year low of $68.84 and a 1-year high of $113.60. The business has a fifty day moving average price of $77.15 and a 200 day moving average price of $82.03.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. Equities research analysts expect that Aptiv will post 5.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aptiv

Several hedge funds and other institutional investors have recently made changes to their positions in APTV. Riverview Trust Co purchased a new position in shares of Aptiv in the first quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Aptiv in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC purchased a new position in shares of Aptiv in the fourth quarter valued at approximately $32,000. Mather Group LLC. purchased a new position in shares of Aptiv in the first quarter valued at approximately $33,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of Aptiv by 4,166.7% in the first quarter. Harbor Investment Advisory LLC now owns 512 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 500 shares in 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.