Wells Fargo & Company Lowers Aptiv (NYSE:APTV) Price Target to $77.00

Aptiv (NYSE:APTVGet Free Report) had its price objective reduced by stock analysts at Wells Fargo & Company from $82.00 to $77.00 in a research report issued on Thursday,MarketScreener reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 25.81% from the company’s current price.

Other analysts have also recently issued reports about the stock. Fox Advisors lowered their price target on shares of Aptiv from $110.00 to $70.00 in a report on Friday, May 8th. Bank of America assumed coverage on Aptiv in a research report on Wednesday, March 4th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. raised their price objective on Aptiv from $83.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. BNP Paribas Exane reduced their price target on shares of Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Finally, Argus decreased their price objective on Aptiv from $99.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $82.46.

View Our Latest Report on APTV

Aptiv Price Performance

Aptiv stock opened at $61.20 on Thursday. The firm has a market capitalization of $12.95 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 1.03 and a beta of 1.45. Aptiv has a 12-month low of $51.68 and a 12-month high of $88.93. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average price of $61.42 and a 200-day moving average price of $70.58.

Aptiv (NYSE:APTVGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The firm had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the previous year, the firm posted $1.69 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts forecast that Aptiv will post 6.37 EPS for the current year.

Insider Buying and Selling

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the 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 sale, the executive vice president owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by company insiders.

Institutional Trading of Aptiv

Several institutional investors have recently modified their holdings of APTV. Nordea Investment Management AB increased its stake in shares of Aptiv by 34.2% during the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock worth $349,067,000 after acquiring an additional 1,167,946 shares during the period. Thematics Asset Management lifted its holdings in Aptiv by 56.9% in the 3rd quarter. Thematics Asset Management now owns 261,454 shares of the auto parts company’s stock valued at $22,543,000 after purchasing an additional 94,782 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in Aptiv in the 3rd quarter valued at $297,917,000. Dimensional Fund Advisors LP grew its holdings in Aptiv by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,545,257 shares of the auto parts company’s stock valued at $219,443,000 after buying an additional 65,546 shares during the period. Finally, CSM Advisors LLC purchased a new stake in shares of Aptiv during the 3rd quarter valued at $19,335,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Aptiv (NYSE:APTV)

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