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

Aptiv (NYSE:APTV - Get Free Report) had its price target increased by equities research analysts at Piper Sandler from $65.00 to $67.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the auto parts company's stock. Piper Sandler's price objective points to a potential upside of 4.97% from the company's current price.

A number of other research analysts have also commented on APTV. Baird R W upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Robert W. Baird upgraded Aptiv from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $75.00 to $82.00 in a research report on Monday, January 27th. Royal Bank of Canada raised their price target on Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, February 7th. TD Cowen started coverage on Aptiv in a report on Friday, March 7th. They set a "buy" rating and a $90.00 price objective for the company. Finally, Wells Fargo & Company boosted their price target on shares of Aptiv from $76.00 to $86.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Aptiv currently has an average rating of "Moderate Buy" and a consensus price target of $86.61.

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Aptiv Stock Performance

Shares of Aptiv stock traded up $1.38 during trading hours on Thursday, reaching $63.83. The company had a trading volume of 3,766,152 shares, compared to its average volume of 3,272,792. The firm has a market cap of $14.65 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. Aptiv has a one year low of $51.47 and a one year high of $85.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The business has a fifty day simple moving average of $63.88 and a 200 day simple moving average of $63.10.

Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS 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%. On average, analysts anticipate that Aptiv will post 7.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Aptiv

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

Hedge Funds Weigh In On Aptiv

Hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new position in Aptiv during the 3rd quarter valued at $364,000. Empowered Funds LLC boosted its stake in shares of Aptiv by 6.2% during the 3rd quarter. Empowered Funds LLC now owns 6,404 shares of the auto parts company's stock valued at $461,000 after purchasing an additional 375 shares in the last quarter. Caprock Group LLC increased its position in shares of Aptiv by 46.0% during the third quarter. Caprock Group LLC now owns 5,423 shares of the auto parts company's stock valued at $391,000 after buying an additional 1,708 shares during the period. Advisors Asset Management Inc. raised its stake in Aptiv by 18.9% in the third quarter. Advisors Asset Management Inc. now owns 9,917 shares of the auto parts company's stock worth $714,000 after buying an additional 1,575 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in Aptiv by 4.9% in the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company's stock worth $334,000 after buying an additional 218 shares during the period. 94.21% of the stock is 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.