Aptiv (NYSE:APTV) Price Target Raised to $106.00

Aptiv (NYSE:APTV) had its price objective increased by Wells Fargo & Company from $103.00 to $106.00 in a research note released on Thursday, Marketbeat.com reports. They currently have an overweight rating on the auto parts company’s stock.

Other analysts have also issued research reports about the stock. Oppenheimer boosted their price target on shares of Aptiv from $88.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Wolfe Research downgraded shares of Aptiv from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 2nd. Morgan Stanley lifted their price objective on shares of Aptiv from $55.00 to $60.00 and gave the stock an “underweight” rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. lifted their price objective on shares of Aptiv from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Robert W. Baird lifted their price objective on shares of Aptiv from $84.00 to $97.00 and gave the stock an “outperform” rating in a report on Wednesday, September 3rd. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.73.

Aptiv Stock Performance

Shares of APTV stock opened at $86.29 on Thursday. The firm has a market capitalization of $18.79 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 0.96 and a beta of 1.48. The firm has a fifty day simple moving average of $76.34 and a two-hundred day simple moving average of $67.72. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. Aptiv has a 12 month low of $47.19 and a 12 month high of $86.50.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. Aptiv’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 EPS. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. Analysts forecast that Aptiv will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling at Aptiv

In related news, CAO Allan J. Brazier sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the transaction, the chief accounting officer directly owned 49,820 shares of the company’s stock, valued at approximately $4,234,700. The trade was a 1.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On Aptiv

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp raised its stake in Aptiv by 1.2% in the 2nd quarter. State Street Corp now owns 9,754,226 shares of the auto parts company’s stock valued at $665,433,000 after acquiring an additional 111,506 shares during the period. Goldman Sachs Group Inc. raised its stake in Aptiv by 242.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company’s stock valued at $509,366,000 after acquiring an additional 6,062,438 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Aptiv by 10.6% in the 1st 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. Alliancebernstein L.P. raised its stake in Aptiv by 9.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,831,441 shares of the auto parts company’s stock valued at $261,381,000 after acquiring an additional 315,824 shares during the period. Finally, Invesco Ltd. raised its stake in Aptiv by 7.1% in the 2nd quarter. Invesco Ltd. now owns 3,618,847 shares of the auto parts company’s stock valued at $246,878,000 after acquiring an additional 238,880 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

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.