Aptiv PLC (NYSE:APTV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Aptiv PLC (NYSE:APTV) has received an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and twenty-two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $82.4565.

APTV has been the subject of a number of recent research reports. BNP Paribas Exane decreased their price objective on shares of Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. JPMorgan Chase & Co. boosted their price target on Aptiv from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Argus decreased their price target on Aptiv from $99.00 to $69.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Piper Sandler lowered their price objective on Aptiv from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Monday, June 8th. Finally, Oppenheimer cut their price objective on Aptiv from $106.00 to $84.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th.

Insider Transactions at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total transaction of $156,600.00. Following the transaction, the executive vice president owned 163,752 shares in the company, valued at $12,821,781.60. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is owned by insiders.

Institutional Trading of Aptiv

A number of institutional investors and hedge funds have recently modified their holdings of APTV. State Street Corp raised its holdings in Aptiv by 4.3% in the 4th quarter. State Street Corp now owns 10,066,712 shares of the auto parts company’s stock worth $765,976,000 after acquiring an additional 419,375 shares during the period. Norges Bank bought a new stake in Aptiv during the fourth quarter valued at about $634,961,000. Geode Capital Management LLC boosted its holdings in Aptiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 5,821,615 shares of the auto parts company’s stock valued at $441,289,000 after acquiring an additional 99,876 shares during the period. Nordea Investment Management AB grew its position in shares of Aptiv by 34.2% in the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock valued at $349,067,000 after purchasing an additional 1,167,946 shares during the last quarter. Finally, Boston Partners grew its position in shares of Aptiv by 29.2% in the third quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock valued at $361,385,000 after purchasing an additional 948,327 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Price Performance

Shares of APTV opened at $58.89 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. The firm has a market cap of $12.46 billion, a PE ratio of 34.85, a PEG ratio of 1.03 and a beta of 1.46. The firm’s 50 day moving average price is $61.49 and its 200 day moving average price is $69.71. Aptiv has a twelve month low of $51.68 and a twelve month high of $88.93.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.62 by $0.09. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. Aptiv’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.69 EPS. As a group, research analysts expect that Aptiv will post 6.3 EPS for the current fiscal year.

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.