Aptiv (NYSE:APTV) Price Target Raised to $82.00

Aptiv (NYSE:APTV) had its target price upped by equities researchers at The Goldman Sachs Group from $75.00 to $82.00 in a report released on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the auto parts company’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 25.11% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Wolfe Research raised Aptiv from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research note on Friday, March 6th. Barclays cut their price target on shares of Aptiv from $77.00 to $73.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Zacks Research downgraded shares of Aptiv from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Weiss Ratings upgraded shares of Aptiv from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, BNP Paribas Exane cut their target price on shares of Aptiv from $107.00 to $83.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. Twenty-two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.67.

Aptiv Trading Up 0.5%

NYSE:APTV opened at $65.54 on Thursday. The firm has a market capitalization of $13.87 billion, a P/E ratio of 38.92, a P/E/G ratio of 1.15 and a beta of 1.45. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98. The company has a fifty day moving average of $60.77 and a 200 day moving average of $71.43. Aptiv has a 52 week low of $51.68 and a 52 week high of $88.93.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating 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 net margin of 1.77% and a return on equity of 17.83%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.69 earnings per share. On average, research analysts predict that Aptiv will post 6.37 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the sale, the executive vice president owned 163,752 shares in the company, valued at approximately $12,821,781.60. The trade was a 1.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Aptiv

Several hedge funds have recently bought and sold shares of APTV. Rathbones Group PLC lifted its holdings in shares of Aptiv by 2.8% during the first quarter. Rathbones Group PLC now owns 1,430,070 shares of the auto parts company’s stock valued at $99,304,000 after purchasing an additional 38,592 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its position in Aptiv by 15.0% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 3,278 shares of the auto parts company’s stock valued at $228,000 after buying an additional 428 shares in the last quarter. Groupama Asset Managment raised its stake in Aptiv by 72.9% during the first quarter. Groupama Asset Managment now owns 5,227 shares of the auto parts company’s stock valued at $363,000 after buying an additional 2,204 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Aptiv by 12.0% during the first quarter. Arkadios Wealth Advisors now owns 21,649 shares of the auto parts company’s stock valued at $1,503,000 after acquiring an additional 2,324 shares in the last quarter. Finally, Amundi increased its holdings in shares of Aptiv by 10.2% during the first quarter. Amundi now owns 1,690,677 shares of the auto parts company’s stock valued at $117,401,000 after acquiring an additional 156,956 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.