Aptiv PLC (NYSE:APTV) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Aptiv PLC (NYSE:APTV) have earned a consensus recommendation of “Moderate Buy” from the twenty-four analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, twenty-one have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $82.3261.

Several equities research analysts recently weighed in on APTV shares. The Goldman Sachs Group started coverage on Aptiv in a report on Monday, April 13th. They issued a “buy” rating and a $74.00 target price for the company. Bank of America started coverage on Aptiv in a report on Wednesday, March 4th. They issued a “buy” rating for the company. UBS Group reduced their target price on Aptiv from $97.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. TD Cowen reduced their target price on Aptiv from $93.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Finally, President Capital initiated coverage on Aptiv in a report on Wednesday, March 25th. They issued a “buy” rating and a $82.50 target price for the company.

Aptiv Stock Down 4.5%

Shares of Aptiv stock opened at $65.43 on Thursday. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 38.72, a P/E/G ratio of 1.15 and a beta of 1.45. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. Aptiv has a 52-week low of $51.68 and a 52-week high of $88.93. The stock has a 50-day simple moving average of $60.77 and a 200-day simple moving average of $71.43.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same period in the previous year, the company earned $1.69 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts expect that Aptiv will post 6.37 earnings per share for the current fiscal year.

Insider Activity at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the transaction, the executive vice president directly owned 163,752 shares in the company, valued at $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Saranac Partners Ltd acquired a new position in shares of Aptiv during the third quarter worth approximately $25,000. Larson Financial Group LLC lifted its holdings in shares of Aptiv by 240.0% during the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after buying an additional 252 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 398 shares during the period. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Aptiv during the third quarter valued at approximately $30,000. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Aptiv during the fourth quarter valued at approximately $33,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.