Aptiv (NYSE:APTV) Price Target Cut to $92.00 by Analysts at Guggenheim

Aptiv (NYSE:APTV) had its price target trimmed by Guggenheim from $103.00 to $92.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the auto parts company’s stock.

A number of other research analysts also recently weighed in on APTV. Morgan Stanley downgraded Aptiv from an equal weight rating to an underweight rating and dropped their price target for the stock from $90.00 to $74.00 in a research note on Wednesday, February 7th. JPMorgan Chase & Co. dropped their price target on Aptiv from $135.00 to $115.00 and set an overweight rating on the stock in a research note on Thursday, January 25th. Oppenheimer dropped their price target on Aptiv from $149.00 to $148.00 and set an outperform rating on the stock in a research note on Thursday, February 1st. UBS Group upped their price target on Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Finally, Royal Bank of Canada dropped their price target on Aptiv from $115.00 to $104.00 and set an outperform rating on the stock in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $110.36.

Aptiv Stock Up 0.4 %

Shares of Aptiv stock opened at $69.63 on Wednesday. Aptiv has a one year low of $68.84 and a one year high of $113.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. The stock’s 50-day moving average is $77.42 and its 200 day moving average is $82.38. The firm has a market cap of $18.99 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 0.90 and a beta of 1.90.

Aptiv (NYSE:APTV) last announced its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.95 billion. Equities research analysts anticipate that Aptiv will post 5.64 EPS for the current year.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the sale, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.

Institutional Trading of Aptiv

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Aptiv by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock valued at $2,843,905,000 after acquiring an additional 325,550 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Aptiv by 17.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock valued at $854,210,000 after acquiring an additional 1,405,569 shares during the last quarter. Impax Asset Management Group plc grew its holdings in Aptiv by 7.1% during the fourth quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock valued at $651,978,000 after purchasing an additional 483,157 shares during the period. Geode Capital Management LLC grew its holdings in Aptiv by 2.2% during the first quarter. Geode Capital Management LLC now owns 5,614,676 shares of the auto parts company’s stock valued at $628,481,000 after purchasing an additional 123,352 shares during the period. Finally, American Century Companies Inc. grew its holdings in Aptiv by 1.1% during the third quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock valued at $496,706,000 after purchasing an additional 53,288 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

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.