Aptiv (NYSE:APTV) Price Target Raised to $85.00 at Wells Fargo & Company

Aptiv (NYSE:APTV) had its price objective raised by stock analysts at Wells Fargo & Company from $75.00 to $85.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 24.62% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Raymond James restated a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. Barclays upped their price objective on Aptiv from $55.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. TD Cowen initiated coverage on Aptiv in a research note on Friday, March 7th. They set a “buy” rating and a $90.00 target price for the company. Evercore ISI dropped their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Finally, Argus upgraded Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and a consensus price target of $82.61.

Aptiv Stock Performance

Shares of Aptiv stock opened at $68.21 on Monday. The stock has a market cap of $14.85 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 0.62 and a beta of 1.44. The firm’s 50-day moving average is $58.30 and its 200 day moving average is $59.60. Aptiv has a 1 year low of $47.19 and a 1 year high of $85.35. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Aptiv will post 7.2 EPS for the current fiscal year.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This trade represents a 10.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of APTV. South Dakota Investment Council grew its position in Aptiv by 32.9% in the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock worth $7,799,000 after acquiring an additional 31,941 shares in the last quarter. Focus Financial Network Inc. bought a new position in shares of Aptiv in the 4th quarter worth approximately $379,000. Diametric Capital LP bought a new position in shares of Aptiv in the 4th quarter worth approximately $972,000. abrdn plc bought a new position in shares of Aptiv in the 4th quarter worth approximately $30,374,000. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Aptiv by 538.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 147,974 shares of the auto parts company’s stock worth $8,949,000 after acquiring an additional 124,813 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Company Profile

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.