The Goldman Sachs Group Trims Aptiv (NYSE:APTV) Target Price to $101.00

Aptiv (NYSE:APTV) had its target price decreased by The Goldman Sachs Group from $118.00 to $101.00 in a report issued on Wednesday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the auto parts company’s stock.

Several other analysts also recently issued reports on APTV. Piper Sandler downgraded shares of Aptiv from a neutral rating to an underweight rating and lowered their price objective for the company from $78.00 to $63.00 in a research report on Wednesday, June 26th. Guggenheim raised their price target on shares of Aptiv from $92.00 to $94.00 and gave the stock a buy rating in a research report on Wednesday, May 8th. Barclays decreased their price target on shares of Aptiv from $112.00 to $110.00 and set an overweight rating for the company in a research report on Thursday, April 11th. Oppenheimer reissued an outperform rating and set a $145.00 price target on shares of Aptiv in a research report on Tuesday. Finally, Wells Fargo & Company decreased their price target on shares of Aptiv from $83.00 to $82.00 and set an equal weight rating for the company in a research report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Aptiv has a consensus rating of Hold and a consensus price target of $98.00.

Aptiv Stock Up 1.4 %

Shares of NYSE:APTV opened at $72.72 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. Aptiv has a 52-week low of $65.13 and a 52-week high of $113.14. The company has a 50 day moving average of $77.13 and a two-hundred day moving average of $78.51. The company has a market capitalization of $19.78 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 0.67 and a beta of 1.79.

Aptiv (NYSE:APTV) last issued 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. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the company earned $0.91 earnings per share. Aptiv’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, analysts forecast that Aptiv will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total value of $30,330.12. Following the sale, the director now directly owns 13,636 shares in the company, valued at $1,049,699.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Aptiv

Hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its stake in Aptiv by 6.3% in the fourth quarter. Wells Fargo & Company MN now owns 455,651 shares of the auto parts company’s stock valued at $40,881,000 after buying an additional 26,933 shares during the last quarter. Gradient Investments LLC raised its stake 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 in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Aptiv during the fourth quarter valued at about $13,120,000. FIFTHDELTA Ltd bought a new stake in shares of Aptiv during the fourth quarter valued at about $50,767,000. Finally, Trillium Asset Management LLC raised its stake in shares of Aptiv by 33.1% during the fourth quarter. Trillium Asset Management LLC now owns 361,249 shares of the auto parts company’s stock valued at $32,411,000 after purchasing an additional 89,786 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

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.