Aptiv (NYSE:APTV) Price Target Lowered to $99.00 at UBS Group

Aptiv (NYSE:APTV) had its target price trimmed by UBS Group from $107.00 to $99.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the auto parts company’s stock.

Several other equities research analysts have also recently weighed in on the company. Guggenheim increased their price objective on Aptiv from $92.00 to $94.00 and gave the company a buy rating in a research report on Wednesday, May 8th. Wells Fargo & Company cut their target price on Aptiv from $83.00 to $82.00 and set an equal weight rating for the company in a research note on Tuesday, June 25th. Piper Sandler lowered Aptiv from a neutral rating to an underweight rating and cut their target price for the company from $78.00 to $63.00 in a research note on Wednesday, June 26th. JPMorgan Chase & Co. upped their target price on Aptiv from $109.00 to $113.00 and gave the company an overweight rating in a research note on Tuesday, May 7th. Finally, Barclays cut their target price on Aptiv from $112.00 to $110.00 and set an overweight rating for the company in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $100.92.

Aptiv Stock Up 0.8 %

Shares of Aptiv stock opened at $69.62 on Wednesday. The stock has a market capitalization of $18.94 billion, a P/E ratio of 6.56, a PEG ratio of 0.67 and a beta of 1.79. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average price of $77.41 and a two-hundred day moving average price of $78.67. Aptiv has a 12-month low of $65.13 and a 12-month high of $113.60.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. The firm had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. Equities analysts expect that Aptiv will post 6.01 earnings per share for the current year.

Insider Activity

In other news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the completion of the transaction, the director now owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Aptiv

A number of institutional investors have recently made changes to their positions in the stock. Simplicity Wealth LLC boosted its position in shares of Aptiv by 13.2% during the 2nd quarter. Simplicity Wealth LLC now owns 3,784 shares of the auto parts company’s stock valued at $266,000 after purchasing an additional 440 shares in the last quarter. Olstein Capital Management L.P. boosted its position in shares of Aptiv by 95.2% during the 2nd quarter. Olstein Capital Management L.P. now owns 82,000 shares of the auto parts company’s stock valued at $5,774,000 after purchasing an additional 40,000 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Aptiv by 0.9% during the 2nd quarter. Gulf International Bank UK Ltd now owns 50,071 shares of the auto parts company’s stock valued at $3,525,000 after purchasing an additional 434 shares in the last quarter. CWM LLC boosted its position in shares of Aptiv by 29.7% during the 2nd quarter. CWM LLC now owns 10,720 shares of the auto parts company’s stock valued at $755,000 after purchasing an additional 2,452 shares in the last quarter. Finally, AMF Tjanstepension AB boosted its holdings in Aptiv by 21.4% in the second quarter. AMF Tjanstepension AB now owns 117,043 shares of the auto parts company’s stock worth $8,242,000 after acquiring an additional 20,593 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Company Profile

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.