Aptiv (NYSE:APTV) Earns Outperform Rating from Analysts at Wolfe Research

Wolfe Research started coverage on shares of Aptiv (NYSE:APTV) in a report published on Thursday morning, StockNewsAPI reports. The firm issued an outperform rating and a $89.00 price objective on the auto parts company’s stock.

Several other equities analysts have also commented on APTV. Oppenheimer reiterated an outperform rating and set a $145.00 price objective on shares of Aptiv in a research report on Tuesday, July 9th. The Goldman Sachs Group reduced their target price on shares of Aptiv from $118.00 to $101.00 and set a buy rating on the stock in a research note on Wednesday, July 10th. Evercore ISI reduced their target price on shares of Aptiv from $125.00 to $115.00 and set an outperform rating on the stock in a research note on Monday, July 15th. Citigroup reduced their target price on shares of Aptiv from $128.00 to $108.00 and set a buy rating on the stock in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Aptiv from $104.00 to $107.00 and gave the company an overweight rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $96.27.

Aptiv Stock Performance

APTV opened at $68.49 on Thursday. The firm has a market cap of $18.63 billion, a P/E ratio of 6.46, a PEG ratio of 0.65 and a beta of 1.79. Aptiv has a 1-year low of $65.13 and a 1-year high of $104.72. The company has a 50 day simple moving average of $69.85 and a two-hundred day simple moving average of $74.74. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09.

Aptiv (NYSE:APTV) last issued its earnings results 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 net margin of 18.46% and a return on equity of 13.19%. The firm had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. Aptiv’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts forecast that Aptiv will post 6.28 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction that occurred 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 transaction, the director now owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in Aptiv during the 2nd quarter worth approximately $1,868,000. Cetera Investment Advisers grew its position in Aptiv by 8.8% during the 2nd quarter. Cetera Investment Advisers now owns 35,658 shares of the auto parts company’s stock worth $2,511,000 after purchasing an additional 2,895 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Aptiv by 35.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,169 shares of the auto parts company’s stock worth $716,000 after purchasing an additional 2,677 shares during the last quarter. Creative Planning grew its position in Aptiv by 41.0% during the 2nd quarter. Creative Planning now owns 55,658 shares of the auto parts company’s stock worth $3,919,000 after purchasing an additional 16,175 shares during the last quarter. Finally, Copperwynd Financial LLC grew its position in Aptiv by 13.4% during the 2nd quarter. Copperwynd Financial LLC now owns 7,676 shares of the auto parts company’s stock worth $533,000 after purchasing an additional 906 shares during 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.