Aptiv PLC (NYSE:APTV) Receives $86.50 Consensus PT from Brokerages

Shares of Aptiv PLC (NYSE:APTV) have been assigned an average recommendation of “Moderate Buy” from the twenty-four brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, sixteen have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $86.50.

Several research firms have recently commented on APTV. Guggenheim reissued a “buy” rating and set a $73.00 target price on shares of Aptiv in a research report on Thursday, December 5th. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and upped their price objective for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Royal Bank of Canada boosted their target price on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Barclays lifted their price objective on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $75.00 to $82.00 in a research note on Monday, January 27th.

Aptiv Price Performance

APTV stock opened at $62.22 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv has a 52-week low of $51.47 and a 52-week high of $85.56. The company has a market capitalization of $14.28 billion, a P/E ratio of 9.04, a PEG ratio of 0.62 and a beta of 1.78. The company has a fifty day moving average price of $63.59 and a 200-day moving average price of $63.59.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping 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, equities analysts expect that Aptiv will post 7.2 EPS for the current year.

Insider Buying and Selling

In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction 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 represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.34% of the stock is currently owned by company insiders.

Institutional Trading of Aptiv

A number of institutional investors have recently made changes to their positions in APTV. Polar Asset Management Partners Inc. purchased a new position in shares of Aptiv in the 4th quarter worth $2,891,000. Mackenzie Financial Corp grew its position in Aptiv by 0.7% during the fourth quarter. Mackenzie Financial Corp now owns 98,241 shares of the auto parts company’s stock valued at $5,942,000 after buying an additional 666 shares during the period. Formidable Asset Management LLC bought a new position in Aptiv in the fourth quarter worth approximately $460,000. GTS Securities LLC increased its stake in shares of Aptiv by 224.8% in the 4th quarter. GTS Securities LLC now owns 7,769 shares of the auto parts company’s stock worth $470,000 after purchasing an additional 13,993 shares in the last quarter. Finally, Inspire Trust Co. N.A. raised its holdings in Aptiv by 10.7% in the 4th quarter. Inspire Trust Co. N.A. now owns 31,000 shares of the auto parts company’s stock worth $1,875,000 after purchasing an additional 3,000 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

About Aptiv

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.