Aptiv PLC (NYSE:APTV) Given Average Rating of “Moderate Buy” by Analysts

Aptiv PLC (NYSE:APTV) has received a consensus rating of “Moderate Buy” from the twenty-four brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and twenty-two have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $82.50.

APTV has been the subject of several research reports. Zacks Research upgraded Aptiv from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. HSBC lowered their price target on Aptiv from $81.32 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft boosted their price target on Aptiv from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Barclays reduced their price objective on Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Finally, Citigroup lowered their target price on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating on the stock in a research note on Monday, May 18th.

Aptiv Price Performance

Shares of NYSE APTV opened at $58.17 on Friday. The firm has a market cap of $12.31 billion, a PE ratio of 34.42, a PEG ratio of 1.08 and a beta of 1.46. The firm has a fifty day moving average of $62.14 and a 200 day moving average of $66.97. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. Aptiv has a one year low of $51.68 and a one year high of $88.93.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same period last year, the firm posted $1.69 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, research analysts predict that Aptiv will post 5.93 EPS for the current fiscal year.

Insider Buying and Selling at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.06% of the company’s stock.

Institutional Trading of Aptiv

Large investors have recently bought and sold shares of the business. Larson Financial Group LLC boosted its holdings in shares of Aptiv by 240.0% during the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 252 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of 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 purchasing an additional 398 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Aptiv in the fourth quarter valued at approximately $33,000. DV Equities LLC purchased a new position in Aptiv during the fourth quarter worth approximately $33,000. Finally, Eastern Bank lifted its position in Aptiv by 702.9% during the second quarter. Eastern Bank now owns 546 shares of the auto parts company’s stock worth $34,000 after buying an additional 478 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.