Wolfe Research lowered shares of Aptiv (NYSE:APTV) from an outperform rating to a peer perform rating in a research report released on Thursday morning, Briefing.com Automated Import reports.
Several other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Aptiv from a sell rating to a hold rating in a report on Tuesday, April 16th. Morgan Stanley reduced their target price on shares of Aptiv from $70.00 to $69.00 and set an underweight rating on the stock in a report on Monday, April 15th. Jefferies Financial Group raised their target price on shares of Aptiv from $100.00 to $107.00 and gave the company a buy rating in a report on Friday, April 12th. Oppenheimer assumed coverage on shares of Aptiv in a report on Thursday, March 28th. They issued an outperform rating and a $93.00 target price on the stock. Finally, Buckingham Research cut shares of Aptiv from a buy rating to a neutral rating and set a $81.96 price objective on the stock. in a report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Aptiv currently has a consensus rating of Buy and an average price target of $92.25.
Shares of NYSE:APTV opened at $90.34 on Thursday. The company has a market capitalization of $23.30 billion, a P/E ratio of 17.14, a PEG ratio of 1.53 and a beta of 1.79. Aptiv has a fifty-two week low of $58.80 and a fifty-two week high of $103.23. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.95 and a current ratio of 1.29.
Aptiv (NYSE:APTV) last issued its earnings results on Thursday, January 31st. The auto parts company reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.13. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Aptiv had a net margin of 7.39% and a return on equity of 37.39%. As a group, analysts predict that Aptiv will post 5.31 earnings per share for the current fiscal year.
In other Aptiv news, SVP Majdi Abulaban sold 25,130 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $2,010,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP David M. Sherbin sold 19,689 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $86.79, for a total transaction of $1,708,808.31. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Kentucky Retirement Systems purchased a new position in shares of Aptiv during the fourth quarter worth approximately $706,000. Fulton Bank N.A. grew its position in shares of Aptiv by 9.2% during the fourth quarter. Fulton Bank N.A. now owns 11,842 shares of the auto parts company’s stock worth $727,000 after acquiring an additional 993 shares during the last quarter. Providence Capital Advisors LLC grew its position in shares of Aptiv by 48.4% during the fourth quarter. Providence Capital Advisors LLC now owns 30,806 shares of the auto parts company’s stock worth $1,897,000 after acquiring an additional 10,049 shares during the last quarter. Davis Rea LTD. grew its position in shares of Aptiv by 1.7% during the fourth quarter. Davis Rea LTD. now owns 15,764 shares of the auto parts company’s stock worth $971,000 after acquiring an additional 257 shares during the last quarter. Finally, Weybosset Research & Management LLC grew its position in shares of Aptiv by 3.4% during the first quarter. Weybosset Research & Management LLC now owns 75,983 shares of the auto parts company’s stock worth $6,040,000 after acquiring an additional 2,510 shares during the last quarter. Institutional investors and hedge funds own 96.62% of the company’s stock.
Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.
Further Reading: Growth Stocks, What They Are, What They Are Not
Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter.