Aptiv (NYSE:APTV) Given New $65.00 Price Target at Robert W. Baird

Aptiv (NYSE:APTV - Get Free Report) had its price target lowered by equities researchers at Robert W. Baird from $84.00 to $65.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the auto parts company's stock. Robert W. Baird's price objective would indicate a potential upside of 25.61% from the company's previous close.

A number of other analysts also recently issued reports on APTV. Barclays lifted their price objective on shares of Aptiv from $75.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 7th. 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 report on Friday, February 7th. Evercore ISI lowered their target price on Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Piper Sandler upped their target price on Aptiv from $65.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Finally, Raymond James reiterated a "market perform" rating on shares of Aptiv in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and a consensus price target of $82.44.

Aptiv Stock Up 2.0 %

Shares of Aptiv stock traded up $1.04 on Tuesday, hitting $51.75. The company had a trading volume of 2,759,220 shares, compared to its average volume of 3,542,385. The stock has a 50-day moving average of $60.70 and a 200-day moving average of $61.02. 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 has a twelve month low of $47.19 and a twelve month high of $85.56. The firm has a market capitalization of $11.87 billion, a P/E ratio of 7.52, a P/E/G ratio of 0.62 and a beta of 1.64.

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

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.45% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in APTV. Covestor Ltd raised its position in shares of Aptiv by 11.4% during the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after acquiring an additional 186 shares during the last quarter. Boston Common Asset Management LLC raised its stake in Aptiv by 4.8% during the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company's stock worth $249,000 after buying an additional 188 shares during the last quarter. Horizon Investments LLC lifted its holdings in Aptiv by 6.1% in the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock valued at $231,000 after buying an additional 219 shares during the period. ProShare Advisors LLC grew its holdings in Aptiv by 0.5% during the 4th quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock worth $3,128,000 after acquiring an additional 248 shares during the period. Finally, Westpac Banking Corp lifted its stake in shares of Aptiv by 21.9% in the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock valued at $115,000 after purchasing an additional 341 shares during the period. Institutional investors and hedge funds 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.