Guggenheim Trims Aptiv (NYSE:APTV) Target Price to $92.00

Aptiv (NYSE:APTV) had its target price reduced by analysts at Guggenheim from $103.00 to $92.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the auto parts company’s stock. Guggenheim’s price target points to a potential upside of 32.41% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Piper Sandler reduced their price objective on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Robert W. Baird downgraded shares of Aptiv from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $105.00 to $96.00 in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Aptiv from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Royal Bank of Canada reduced their price objective on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Finally, Morgan Stanley downgraded shares of Aptiv from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $90.00 to $74.00 in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and a consensus price target of $110.36.

Aptiv Stock Down 3.4 %

Shares of NYSE APTV traded down $2.46 during midday trading on Wednesday, hitting $69.48. The company’s stock had a trading volume of 2,721,370 shares, compared to its average volume of 2,687,080. Aptiv has a 1 year low of $69.45 and a 1 year high of $113.60. The business’s fifty day simple moving average is $78.16 and its two-hundred day simple moving average is $82.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. The firm has a market capitalization of $18.95 billion, a price-to-earnings ratio of 6.75, a price-to-earnings-growth ratio of 0.94 and a beta of 1.90.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.95 billion. On average, equities analysts predict that Aptiv will post 5.66 EPS for the current year.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aptiv

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Aptiv by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock worth $2,843,905,000 after purchasing an additional 325,550 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Aptiv by 17.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock worth $854,210,000 after purchasing an additional 1,405,569 shares in the last quarter. Impax Asset Management Group plc boosted its position in shares of Aptiv by 7.1% during the 4th quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock worth $651,978,000 after purchasing an additional 483,157 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Aptiv by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 5,614,676 shares of the auto parts company’s stock worth $628,481,000 after purchasing an additional 123,352 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Aptiv by 1.1% during the 3rd quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock worth $496,706,000 after purchasing an additional 53,288 shares in the last quarter. 94.21% of the stock is currently 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.