Robert W. Baird Raises Aptiv (NYSE:APTV) Price Target to $90.00

Aptiv (NYSE:APTV) had its target price increased by Robert W. Baird from $86.00 to $90.00 in a research note published on Friday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the auto parts company’s stock.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada decreased their price objective on shares of Aptiv from $115.00 to $104.00 and set an outperform rating on the stock in a research report on Thursday, February 1st. Barclays dropped their price objective on Aptiv from $112.00 to $110.00 and set an overweight rating for the company in a report on Thursday, April 11th. Morgan Stanley cut Aptiv from an equal weight rating to an underweight rating and reduced their target price for the company from $90.00 to $74.00 in a research note on Wednesday, February 7th. Oppenheimer dropped their price target on Aptiv from $149.00 to $148.00 and set an outperform rating for the company in a research note on Thursday, February 1st. Finally, Citigroup reduced their price objective on shares of Aptiv from $150.00 to $136.00 and set a buy rating on the stock in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Aptiv presently has a consensus rating of Moderate Buy and an average price target of $107.85.

Aptiv Trading Up 3.9 %

NYSE APTV opened at $80.82 on Friday. The stock has a 50-day moving average of $76.13 and a 200-day moving average of $80.53. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42. Aptiv has a 1-year low of $68.84 and a 1-year high of $113.60. The firm has a market cap of $22.04 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.97 and a beta of 1.90.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts forecast that Aptiv will post 5.99 EPS for the current year.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the sale, the senior vice president now owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Raymond James & Associates increased its stake in Aptiv by 25.8% during the 3rd quarter. Raymond James & Associates now owns 675,580 shares of the auto parts company’s stock valued at $66,605,000 after purchasing an additional 138,510 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Aptiv by 2.3% during the third quarter. Stratos Wealth Partners LTD. now owns 13,489 shares of the auto parts company’s stock valued at $1,330,000 after buying an additional 300 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Aptiv by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 2,209,297 shares of the auto parts company’s stock valued at $217,815,000 after acquiring an additional 71,759 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in Aptiv by 2.8% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 132,700 shares of the auto parts company’s stock worth $13,083,000 after acquiring an additional 3,600 shares during the last quarter. Finally, JB Capital LLC lifted its position in Aptiv by 17.9% in the 3rd quarter. JB Capital LLC now owns 23,642 shares of the auto parts company’s stock valued at $2,331,000 after acquiring an additional 3,594 shares in the last quarter. 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.