Aptiv (NYSE:APTV) received a $108.00 price objective from stock analysts at Susquehanna Bancshares in a note issued to investors on Wednesday, March 14th. The brokerage presently has a “buy” rating on the auto parts company’s stock. Susquehanna Bancshares’ price target would suggest a potential upside of 28.85% from the company’s previous close.
A number of other brokerages have also weighed in on APTV. UBS initiated coverage on Aptiv in a research note on Wednesday, December 6th. They issued a “neutral” rating on the stock. Barclays reiterated a “buy” rating and set a $104.00 price objective on shares of Aptiv in a research report on Sunday, January 21st. Evercore ISI began coverage on Aptiv in a research report on Wednesday, December 13th. They set an “outperform” rating and a $92.00 price objective on the stock. Robert W. Baird reiterated a “buy” rating and set a $104.00 price objective on shares of Aptiv in a research report on Tuesday, January 9th. Finally, BMO Capital Markets increased their price objective on Aptiv to $111.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have issued a buy rating to the stock. Aptiv currently has a consensus rating of “Buy” and an average target price of $98.86.
Shares of APTV opened at $83.82 on Wednesday. The stock has a market cap of $22,835.64, a P/E ratio of 13.77, a P/E/G ratio of 1.24 and a beta of 1.49. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.29 and a current ratio of 1.59. Aptiv has a 52-week low of $61.73 and a 52-week high of $96.91.
Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, February 1st. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.05). The company had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Aptiv had a return on equity of 50.01% and a net margin of 8.27%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company posted $1.83 EPS. research analysts expect that Aptiv will post 5.14 EPS for the current year.
In related news, Director Frank J. Dellaquila bought 500 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of $86.50 per share, for a total transaction of $43,250.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Paja sold 6,287 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total value of $578,906.96. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cerebellum GP LLC purchased a new stake in Aptiv in the 4th quarter worth approximately $127,000. Huntington National Bank purchased a new stake in Aptiv in the 4th quarter worth approximately $138,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Aptiv in the 4th quarter worth approximately $144,000. BB&T Investment Services Inc. purchased a new stake in Aptiv in the 4th quarter worth approximately $145,000. Finally, IFP Advisors Inc purchased a new stake in Aptiv in the 4th quarter worth approximately $162,000. Institutional investors and hedge funds own 92.50% of the company’s stock.
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Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.
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