Aptiv (NYSE:APTV) Shares Gap Up to $69.75

Aptiv PLC (NYSE:APTV)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $69.75, but opened at $75.42. Aptiv shares last traded at $75.81, with a volume of 1,136,214 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently commented on APTV. Oppenheimer decreased their target price on shares of Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Morgan Stanley lowered Aptiv from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. Robert W. Baird downgraded Aptiv from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $105.00 to $96.00 in a research note on Wednesday, January 3rd. Citigroup decreased their price target on Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. Finally, Barclays dropped their price target on Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.93.

Aptiv Stock Up 12.0 %

The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72. The firm has a market cap of $21.30 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 0.89 and a beta of 1.90. The business’s 50 day moving average price is $76.05 and its 200 day moving average price is $80.85.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.95 billion. On average, equities analysts forecast that Aptiv PLC will post 5.7 EPS for the current year.

Insider Transactions at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of Aptiv

Institutional investors and hedge funds have recently modified their holdings of the stock. Gradient Investments LLC lifted its holdings in Aptiv by 36.1% in the 4th quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock valued at $13,902,000 after purchasing an additional 41,135 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Aptiv in the fourth quarter worth approximately $13,120,000. Arbor Wealth Advisors LLC acquired a new stake in shares of Aptiv during the 4th quarter worth about $1,875,000. Douglas Lane & Associates LLC raised its stake in shares of Aptiv by 20.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 378,655 shares of the auto parts company’s stock valued at $33,973,000 after acquiring an additional 65,354 shares during the period. Finally, OLD National Bancorp IN raised its position in Aptiv by 23.7% in the fourth quarter. OLD National Bancorp IN now owns 70,926 shares of the auto parts company’s stock valued at $6,363,000 after purchasing an additional 13,579 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

About Aptiv

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.