Wells Fargo & Company Boosts Aptiv (NYSE:APTV) Price Target to $85.00

Aptiv (NYSE:APTV) had its price objective hoisted by Wells Fargo & Company from $75.00 to $85.00 in a research report released on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the auto parts company’s stock.

A number of other brokerages have also recently weighed in on APTV. Evercore ISI reduced their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Friday, February 7th. Piper Sandler lifted their target price on Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Guggenheim cut their price objective on Aptiv from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Finally, HSBC raised Aptiv from a “hold” rating to a “buy” rating and raised their price objective for the company from $63.00 to $77.00 in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.33.

Aptiv Price Performance

APTV stock opened at $66.93 on Monday. Aptiv has a 52-week low of $47.19 and a 52-week high of $85.35. The stock’s fifty day simple moving average is $58.55 and its 200-day simple moving average is $59.78. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts expect that Aptiv will post 7.2 EPS for the current year.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. The trade was a 10.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is owned by corporate insiders.

Institutional Trading of Aptiv

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after buying an additional 398 shares during the last quarter. Focus Partners Wealth boosted its stake in Aptiv by 110.7% in the first quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock valued at $566,000 after acquiring an additional 4,998 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Aptiv by 10.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,934,199 shares of the auto parts company’s stock valued at $353,085,000 after acquiring an additional 570,930 shares during the period. Optimize Financial Inc boosted its stake in Aptiv by 39.7% in the first quarter. Optimize Financial Inc now owns 10,798 shares of the auto parts company’s stock valued at $642,000 after acquiring an additional 3,068 shares during the period. Finally, Woodline Partners LP boosted its stake in Aptiv by 439.2% in the first quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock valued at $4,528,000 after acquiring an additional 61,994 shares during the period. 94.21% of the stock is owned by 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.