Piper Sandler Issues Positive Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its target price increased by equities research analysts at Piper Sandler from $65.00 to $67.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Piper Sandler’s target price would suggest a potential upside of 7.38% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Wells Fargo & Company increased their target price on Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Royal Bank of Canada upped their price objective on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Argus upgraded Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. UBS Group upped their target price on shares of Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, StockNews.com started coverage on shares of Aptiv in a report on Wednesday. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $86.61.

Aptiv Trading Down 0.1 %

Shares of APTV stock opened at $62.40 on Thursday. The stock has a market cap of $14.32 billion, a P/E ratio of 9.07, a P/E/G ratio of 0.62 and a beta of 1.78. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The business has a fifty day simple moving average of $63.82 and a 200-day simple moving average of $63.24.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, analysts forecast that Aptiv will post 7.2 earnings per share for the current fiscal year.

Insider Activity

In related 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 completion of the sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of Aptiv

Institutional investors have recently added to or reduced their stakes in the business. Lansforsakringar Fondforvaltning AB publ purchased a new position in Aptiv in the fourth quarter valued at about $5,428,000. Polar Asset Management Partners Inc. acquired a new stake in Aptiv in the fourth quarter valued at approximately $2,891,000. Mackenzie Financial Corp raised its stake in shares of 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 purchasing an additional 666 shares during the period. Formidable Asset Management LLC acquired a new position in shares of Aptiv during the fourth quarter worth $460,000. Finally, GTS Securities LLC boosted its stake in shares of Aptiv by 224.8% in the fourth quarter. GTS Securities LLC now owns 7,769 shares of the auto parts company’s stock valued at $470,000 after purchasing an additional 13,993 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.