Aptiv (NYSE:APTV) Price Target Cut to $101.00 by Analysts at The Goldman Sachs Group

Aptiv (NYSE:APTV) had its target price decreased by equities researchers at The Goldman Sachs Group from $118.00 to $101.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the auto parts company’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 45.22% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. Guggenheim raised their price objective on Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Robert W. Baird raised their price target on Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Wells Fargo & Company lowered their price objective on Aptiv from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 25th. Piper Sandler cut shares of Aptiv from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $78.00 to $63.00 in a report on Wednesday, June 26th. Finally, Barclays decreased their target price on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.92.

Aptiv Price Performance

NYSE:APTV traded up $0.47 during trading hours on Wednesday, hitting $69.55. The stock had a trading volume of 433,902 shares, compared to its average volume of 2,783,845. The company has a 50 day simple moving average of $77.41 and a two-hundred day simple moving average of $78.74. The firm has a market capitalization of $18.92 billion, a price-to-earnings ratio of 6.55, a P/E/G ratio of 0.67 and a beta of 1.79. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. Aptiv has a one year low of $65.13 and a one year high of $113.60.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.91 earnings per share. Research analysts forecast that Aptiv will post 6.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the sale, the director now directly owns 13,636 shares of the company’s stock, valued at approximately $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 currently owned by company insiders.

Hedge Funds Weigh In On Aptiv

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in Aptiv by 6.3% during the 4th quarter. Wells Fargo & Company MN now owns 455,651 shares of the auto parts company’s stock valued at $40,881,000 after acquiring an additional 26,933 shares during the period. Gradient Investments LLC lifted its holdings in shares of Aptiv by 36.1% during the fourth 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 during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Aptiv in the 4th quarter worth approximately $13,120,000. FIFTHDELTA Ltd purchased a new stake in shares of Aptiv in the 4th quarter worth approximately $50,767,000. Finally, Trillium Asset Management LLC increased its position in Aptiv by 33.1% during the 4th quarter. Trillium Asset Management LLC now owns 361,249 shares of the auto parts company’s stock valued at $32,411,000 after buying an additional 89,786 shares in the last quarter. Hedge funds and other 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.