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

Aptiv (NYSE:APTV) had its price target cut by equities researchers at Guggenheim from $103.00 to $92.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the auto parts company’s stock. Guggenheim’s price target would suggest a potential upside of 32.41% from the company’s previous close.

A number of other research firms have also weighed in on APTV. Royal Bank of Canada dropped their target price on Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Robert W. Baird lowered Aptiv from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $105.00 to $96.00 in a report on Wednesday, January 3rd. Barclays dropped their target price on Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Piper Sandler dropped their price target on Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. Finally, Wells Fargo & Company dropped their price target on Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $110.36.

Aptiv Stock Down 3.4 %

NYSE:APTV traded down $2.46 on Wednesday, hitting $69.48. The stock had a trading volume of 2,721,370 shares, compared to its average volume of 2,687,080. The business’s fifty day moving average is $78.16 and its 200 day moving average is $82.76. The company has a market cap of $18.95 billion, a PE ratio of 6.75, a P/E/G ratio of 0.94 and a beta of 1.90. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. Aptiv has a 52 week low of $69.45 and a 52 week high of $113.60.

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

Insider Activity

In other news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the transaction, the senior vice president now directly owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On Aptiv

Several large investors have recently added to or reduced their stakes in the business. Fifth Third Wealth Advisors LLC bought a new stake in Aptiv during the first quarter valued at $219,000. Dohj LLC boosted its stake in Aptiv by 91.9% during the first quarter. Dohj LLC now owns 8,541 shares of the auto parts company’s stock valued at $680,000 after buying an additional 4,090 shares during the period. Shorepath Capital Management LLC boosted its stake in Aptiv by 18.6% during the first quarter. Shorepath Capital Management LLC now owns 49,802 shares of the auto parts company’s stock valued at $3,967,000 after buying an additional 7,804 shares during the period. Parkside Investments LLC boosted its stake in Aptiv by 11.3% during the first quarter. Parkside Investments LLC now owns 61,640 shares of the auto parts company’s stock valued at $4,910,000 after buying an additional 6,235 shares during the period. Finally, Gilman Hill Asset Management LLC boosted its stake in Aptiv by 61.2% during the first quarter. Gilman Hill Asset Management LLC now owns 50,656 shares of the auto parts company’s stock valued at $4,035,000 after buying an additional 19,222 shares during the period. Institutional investors own 94.21% of the company’s stock.

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.