By otakuyassine3@gmail.com 
Barclays reiterated their equal weight rating on shares of Aptiv (NYSE:APTV – Free Report) in a research report sent to investors on Tuesday, Marketbeat reports. The brokerage currently has a $55.00 target price on the auto parts company’s stock, down from their previous target price of $80.00.
Several other equities research analysts have also issued reports on APTV. Hsbc Global Res raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Royal Bank of Canada raised their price target on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Argus raised shares of Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Friday, February 7th. Finally, StockNews.com initiated coverage on Aptiv in a research note on Saturday. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.44.
Read Our Latest Analysis on Aptiv
Aptiv Stock Up 1.5 %
APTV opened at $50.83 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv has a 1 year low of $47.19 and a 1 year high of $85.56. The company has a market cap of $11.66 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. The firm has a 50 day moving average price of $61.46 and a 200 day moving average price of $61.42.
Aptiv (NYSE:APTV – Get Free Report) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Sell-side analysts expect that Aptiv will post 7.2 earnings per share for the current year.
Insider Transactions at Aptiv
In other news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.45% of the company’s stock.
Institutional Trading of Aptiv
Several hedge funds and other institutional investors have recently bought and sold shares of APTV. Norges Bank acquired a new position in Aptiv during the 4th quarter worth $106,492,000. Pictet Asset Management Holding SA increased its position in Aptiv by 1,018.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock worth $102,262,000 after purchasing an additional 1,539,724 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Aptiv by 11.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after purchasing an additional 1,517,104 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Aptiv by 29.7% in the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock valued at $371,767,000 after purchasing an additional 1,408,433 shares during the period. Finally, Paloma Partners Management Co boosted its position in shares of Aptiv by 968.7% in the fourth quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company’s stock valued at $55,007,000 after acquiring an additional 824,400 shares during the period. 94.21% of the stock is owned by institutional investors.
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.
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