Royal Bank of Canada Cuts Aptiv (NYSE:APTV) Price Target to $86.00

Aptiv (NYSE:APTV) had its price target trimmed by Royal Bank of Canada from $101.00 to $86.00 in a research report released on Wednesday. The brokerage currently has an overweight rating on the auto parts company’s stock.

A number of other brokerages also recently commented on APTV. Robert W. Baird reduced their target price on shares of Aptiv from $90.00 to $83.00 and set a neutral rating on the stock in a research note on Friday, July 12th. The Goldman Sachs Group decreased their price objective on Aptiv from $118.00 to $101.00 and set a buy rating on the stock in a report on Wednesday, July 10th. Barclays cut their target price on Aptiv from $110.00 to $105.00 and set an overweight rating for the company in a research note on Tuesday, July 16th. Wells Fargo & Company decreased their price target on Aptiv from $83.00 to $82.00 and set an equal weight rating on the stock in a research note on Tuesday, June 25th. Finally, Citigroup cut their price objective on Aptiv from $128.00 to $108.00 and set a buy rating for the company in a research report on Friday, July 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $97.14.

Aptiv Trading Down 4.8 %

Shares of Aptiv stock opened at $69.63 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $73.36 and its 200-day simple moving average is $76.87. The stock has a market cap of $18.94 billion, a P/E ratio of 6.56, a P/E/G ratio of 0.67 and a beta of 1.79. Aptiv has a 1-year low of $65.13 and a 1-year high of $113.14.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts predict that Aptiv will post 5.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the completion of the transaction, the director now owns 13,636 shares in the company, valued at $1,049,699.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On Aptiv

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC grew its holdings in Aptiv by 33.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,491 shares of the auto parts company’s stock worth $223,000 after acquiring an additional 623 shares in the last quarter. Stonegate Investment Group LLC purchased a new position in Aptiv in the fourth quarter valued at $1,114,000. DAVENPORT & Co LLC raised its stake in Aptiv by 19.5% in the fourth quarter. DAVENPORT & Co LLC now owns 47,392 shares of the auto parts company’s stock valued at $4,252,000 after buying an additional 7,742 shares in the last quarter. GAM Holding AG purchased a new stake in Aptiv during the 4th quarter worth about $1,011,000. Finally, Private Trust Co. NA boosted its position in shares of Aptiv by 29.7% during the 4th quarter. Private Trust Co. NA now owns 1,339 shares of the auto parts company’s stock worth $120,000 after acquiring an additional 307 shares in the last quarter. 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.