Wells Fargo & Company Cuts Aptiv (NYSE:APTV) Price Target to $66.00

Aptiv (NYSE:APTV) had its target price lowered by Wells Fargo & Company from $77.00 to $66.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Aptiv from $84.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft cut shares of Aptiv from a “buy” rating to a “hold” rating and set a $56.00 price target on the stock. in a research report on Wednesday. Morgan Stanley downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $71.00 to $55.00 in a research report on Wednesday. BNP Paribas Exane reduced their price objective on Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Finally, Barclays decreased their price objective on Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Nineteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Aptiv Trading Up 6.8%

Shares of Aptiv stock opened at $49.46 on Wednesday. The business’s fifty day moving average is $60.88 and its two-hundred day moving average is $65.70. Aptiv has a fifty-two week low of $46.16 and a fifty-two week high of $88.93. The firm has a market cap of $10.27 billion, a PE ratio of 46.66, a P/E/G ratio of 0.89 and a beta of 1.46. The company has a quick ratio of 1.57, a current ratio of 2.02 and a debt-to-equity ratio of 0.61.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Tuesday, August 4th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.21. Aptiv had a return on equity of 17.10% and a net margin of 1.17%.The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the company earned $2.12 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Aptiv has set its FY 2026 guidance at 5.600-5.800 EPS and its Q3 2026 guidance at 1.250-1.350 EPS. Analysts anticipate that Aptiv will post 5.72 earnings per share for the current year.

Insider Activity

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 transaction of $156,600.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Aptiv

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Shayne & Jacobs LLC boosted its position in Aptiv by 105.2% during the 1st quarter. Shayne & Jacobs LLC now owns 54,750 shares of the auto parts company’s stock valued at $3,802,000 after acquiring an additional 28,070 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of Aptiv in the 4th quarter worth $1,672,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Aptiv by 86.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 910,656 shares of the auto parts company’s stock worth $69,292,000 after acquiring an additional 420,984 shares during the period. Fisher Funds Management LTD purchased a new position in shares of Aptiv during the 4th quarter worth $1,898,000. Finally, Sanctuary Advisors LLC raised its position in shares of Aptiv by 135.6% during the 4th quarter. Sanctuary Advisors LLC now owns 102,221 shares of the auto parts company’s stock valued at $7,778,000 after purchasing an additional 58,831 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Company Profile

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.