Aptiv (NYSE:APTV) Given “Equal Weight” Rating at Barclays

Barclays restated their equal weight rating on shares of Aptiv (NYSE:APTV) in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have a $55.00 price target on the auto parts company’s stock, down from their prior price target of $80.00.

Other equities analysts also recently issued reports about the company. TD Cowen assumed coverage on Aptiv in a research note on Friday, March 7th. They issued a “buy” rating and a $90.00 price target on the stock. Raymond James reissued a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. UBS Group reissued a “neutral” rating and set a $58.00 target price (down previously from $91.00) on shares of Aptiv in a research note on Thursday, April 10th. Argus raised Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.44.

Aptiv Stock Performance

NYSE:APTV opened at $51.75 on Tuesday. The firm’s fifty day simple moving average is $60.95 and its 200 day simple moving average is $61.21. Aptiv has a twelve month low of $47.19 and a twelve month high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock has a market cap of $11.87 billion, a P/E ratio of 7.52, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, research analysts predict that Aptiv will post 7.2 EPS for the current year.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On Aptiv

Several large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in shares of Aptiv in the third quarter worth about $783,000. World Investment Advisors LLC bought a new position in shares of Aptiv during the third quarter worth about $212,000. Tidal Investments LLC lifted its holdings in Aptiv by 29.7% during the 3rd quarter. Tidal Investments LLC now owns 15,509 shares of the auto parts company’s stock worth $1,117,000 after buying an additional 3,553 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after purchasing an additional 1,090,766 shares during the period. Finally, Inspire Trust Co. N.A. raised its stake in Aptiv by 48.0% during the third quarter. Inspire Trust Co. N.A. now owns 28,000 shares of the auto parts company’s stock worth $2,016,000 after acquiring an additional 9,075 shares during the period. 94.21% of the stock is currently owned by hedge funds and other 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.