Aptiv’s (APTV) “Equal Weight” Rating Reiterated at Barclays

Barclays restated their equal weight rating on shares of Aptiv (NYSE:APTV) in a report released on Tuesday morning, MarketBeat Ratings reports. They currently have a $55.00 price objective on the auto parts company’s stock, down from their previous price objective of $80.00.

APTV has been the subject of a number of other research reports. Hsbc Global Res raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Piper Sandler upped their price objective on shares of Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. UBS Group reaffirmed a “neutral” rating and issued a $58.00 price target (down from $91.00) on shares of Aptiv in a report on Thursday, April 10th. Oppenheimer lifted their target price on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Raymond James reissued a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.44.

Aptiv Stock Up 2.0 %

Aptiv stock opened at $51.75 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 7.52, a PEG ratio of 0.62 and a beta of 1.64. The stock has a 50 day moving average of $60.95 and a two-hundred day moving average of $61.21. Aptiv has a twelve month low of $47.19 and a twelve month high of $85.56.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, research analysts expect that Aptiv will post 7.2 earnings per share for the current year.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.45% of the company’s stock.

Institutional Trading of Aptiv

Institutional investors and hedge funds have recently bought and sold shares of the stock. South Dakota Investment Council grew its position in Aptiv by 32.9% in the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock valued at $7,799,000 after purchasing an additional 31,941 shares during the period. Focus Financial Network Inc. bought a new position in shares of Aptiv in the fourth quarter worth $379,000. Shorepath Capital Management LLC grew its stake in Aptiv by 21.8% during the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after acquiring an additional 11,835 shares in the last quarter. Diametric Capital LP purchased a new stake in shares of Aptiv in the fourth quarter worth $972,000. Finally, abrdn plc bought a new stake in shares of Aptiv during the 4th quarter valued at about $30,374,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.