Aptiv (NYSE:APTV) Price Target Raised to $67.00 at Piper Sandler

Aptiv (NYSE:APTV) had its price objective raised by research analysts at Piper Sandler from $65.00 to $67.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. Piper Sandler’s price objective would suggest a potential upside of 6.59% from the stock’s previous close.

Several other research firms have also recently issued reports on APTV. Argus upgraded shares of Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and raised their target price for the company from $75.00 to $82.00 in a report on Monday, January 27th. StockNews.com assumed coverage on shares of Aptiv in a research note on Wednesday. They set a “hold” rating on the stock. Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Finally, HSBC raised shares of 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 report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and a consensus price target of $86.61.

Aptiv Price Performance

Shares of APTV traded up $0.13 during trading hours on Thursday, hitting $62.86. 153,784 shares of the stock were exchanged, compared to its average volume of 3,227,464. Aptiv has a 12-month low of $51.47 and a 12-month high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The stock’s 50-day moving average price is $63.72 and its two-hundred day moving average price is $63.31. The company has a market cap of $14.42 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78.

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

Insider Activity

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.34% of the company’s stock.

Institutional Trading of Aptiv

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. increased its position in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in Aptiv in the 4th quarter valued at $37,000. Brooklyn Investment Group purchased a new stake in shares of Aptiv in the third quarter worth about $43,000. CENTRAL TRUST Co grew its stake in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after buying an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of Aptiv during the 3rd quarter valued at about $64,000. Hedge funds and other 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.