JPMorgan Chase & Co. Lowers Aptiv (NYSE:APTV) Price Target to $75.00

Aptiv (NYSE:APTV) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from $84.00 to $75.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 22.72% from the company’s current price.

Several other research firms have also weighed in on APTV. The Goldman Sachs Group lifted their price objective on shares of Aptiv from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Robert W. Baird decreased their price target on shares of Aptiv from $105.00 to $74.00 and set an “outperform” rating for the company in a research note on Thursday, April 2nd. President Capital assumed coverage on Aptiv in a research report on Wednesday, March 25th. They issued a “buy” rating and a $82.50 target price for the company. Deutsche Bank Aktiengesellschaft increased their price target on Aptiv from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Piper Sandler decreased their price target on shares of Aptiv from $106.00 to $94.00 and set an “overweight” rating for the company in a research note on Monday, June 8th. Twenty-two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.11.

Aptiv Trading Up 2.1%

NYSE APTV traded up $1.25 during trading hours on Friday, hitting $61.11. 186,069 shares of the company’s stock were exchanged, compared to its average volume of 2,947,762. The stock has a 50-day simple moving average of $61.44 and a 200 day simple moving average of $69.20. Aptiv has a 1-year low of $51.68 and a 1-year high of $88.93. The firm has a market cap of $12.93 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 1.03 and a beta of 1.46. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.03 billion. During the same period in the previous year, the company posted $1.69 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts forecast that Aptiv will post 6.3 EPS for the current fiscal year.

Insider Activity at Aptiv

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at $12,821,781.60. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aptiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in APTV. NewEdge Advisors LLC boosted its stake in shares of Aptiv by 502.1% in the 1st quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock worth $926,000 after buying an additional 12,973 shares during the last quarter. Woodline Partners LP increased its position in shares of Aptiv by 439.2% during the first quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock valued at $4,528,000 after acquiring an additional 61,994 shares during the last quarter. Focus Partners Wealth increased its position in shares of Aptiv by 110.7% during the first quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock valued at $566,000 after acquiring an additional 4,998 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 398 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Aptiv by 523.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,561 shares of the auto parts company’s stock worth $175,000 after purchasing an additional 2,150 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Company Profile

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.