Aptiv Target of Unusually High Options Trading (NYSE:APTV)

Aptiv PLC (NYSE:APTVGet Free Report) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 6,019 put options on the stock. This represents an increase of approximately 211% compared to the typical daily volume of 1,933 put options.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on APTV shares. Wells Fargo & Company lowered their target price on shares of Aptiv from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 25th. JPMorgan Chase & Co. lifted their price target on shares of Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th. UBS Group reduced their price target on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday. The Goldman Sachs Group reduced their price target on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Robert W. Baird lifted their price target on shares of Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $100.92.

Read Our Latest Research Report on Aptiv

Insider Transactions at Aptiv

In related news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total transaction of $30,330.12. Following the transaction, the director now owns 13,636 shares in the company, valued at approximately $1,049,699.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Aptiv

A number of hedge funds have recently added to or reduced their stakes in APTV. Lido Advisors LLC boosted its stake in shares of Aptiv by 24.1% during the third quarter. Lido Advisors LLC now owns 3,700 shares of the auto parts company’s stock valued at $365,000 after purchasing an additional 719 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in Aptiv in the third quarter valued at $85,000. Morgan Stanley increased its holdings in Aptiv by 6.0% in the third quarter. Morgan Stanley now owns 3,302,280 shares of the auto parts company’s stock valued at $325,572,000 after buying an additional 187,046 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in Aptiv by 17.0% in the third quarter. Public Sector Pension Investment Board now owns 30,295 shares of the auto parts company’s stock valued at $2,987,000 after buying an additional 4,393 shares in the last quarter. Finally, Banque Pictet & Cie SA grew its position in shares of Aptiv by 1.0% in the third quarter. Banque Pictet & Cie SA now owns 67,036 shares of the auto parts company’s stock valued at $6,609,000 after purchasing an additional 670 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Aptiv Stock Performance

Aptiv stock opened at $69.62 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. Aptiv has a 1-year low of $65.13 and a 1-year high of $113.60. The firm has a market capitalization of $18.94 billion, a P/E ratio of 6.56, a price-to-earnings-growth ratio of 0.67 and a beta of 1.79. The company’s 50-day moving average is $77.41 and its 200 day moving average is $78.67.

Aptiv (NYSE:APTVGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The company had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the company posted $0.91 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Research analysts forecast that Aptiv will post 6.01 EPS for the current year.

Aptiv Company Profile

(Get Free Report)

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.

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