Guggenheim Lowers Aptiv (NYSE:APTV) Price Target to $64.00

Aptiv (NYSE:APTV - Get Free Report) had its price objective decreased by research analysts at Guggenheim from $75.00 to $64.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the auto parts company's stock. Guggenheim's price objective points to a potential upside of 23.63% from the stock's current price.

Several other analysts have also commented on APTV. Oppenheimer lifted their price objective on shares of Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Baird R W raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price objective for the company in a research note on Friday, February 7th. Hsbc Global Res upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, StockNews.com assumed coverage on Aptiv in a research note on Sunday. They issued a "hold" rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $81.94.

Aptiv Price Performance

Shares of APTV opened at $51.77 on Tuesday. Aptiv has a 12-month low of $47.19 and a 12-month high of $85.56. The stock has a market cap of $11.88 billion, a P/E ratio of 7.54, a P/E/G ratio of 0.62 and a beta of 1.64. The business's fifty day moving average is $60.41 and its 200 day moving average is $60.83. 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 (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Sell-side analysts anticipate that Aptiv will post 7.2 earnings per share 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 that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. South Dakota Investment Council increased its holdings in Aptiv by 32.9% during the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock valued at $7,799,000 after buying an additional 31,941 shares during the last quarter. Focus Financial Network Inc. purchased a new stake in Aptiv in the fourth quarter worth about $379,000. Shorepath Capital Management LLC lifted its position in shares of Aptiv by 21.8% during the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company's stock valued at $3,998,000 after buying an additional 11,835 shares in the last quarter. Diametric Capital LP purchased a new stake in Aptiv in the 4th quarter worth approximately $972,000. Finally, abrdn plc purchased a new position in Aptiv during the fourth quarter valued at approximately $30,374,000. Institutional investors own 94.21% of the company's stock.

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.

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