Aptiv (NYSE:APTV) Given New $75.00 Price Target at JPMorgan Chase & Co.

Aptiv (NYSE:APTV) had its target price reduced by JPMorgan Chase & Co. from $84.00 to $75.00 in a report issued on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the auto parts company’s stock.

Several other research analysts have also recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Aptiv from $75.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Barclays decreased their target price on Aptiv from $77.00 to $73.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Wells Fargo & Company lowered their target price on Aptiv from $82.00 to $77.00 and set an “overweight” rating on the stock in a research note on Thursday, June 25th. HSBC dropped their price target on Aptiv from $81.32 to $75.00 and set a “buy” rating for the company in a report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Aptiv from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday. Twenty-two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $82.11.

Aptiv Stock Up 1.3%

APTV stock traded up $0.76 during midday trading on Friday, hitting $60.62. The company’s stock had a trading volume of 1,816,610 shares, compared to its average volume of 2,647,960. The company’s fifty day moving average price is $61.49 and its 200 day moving average price is $69.14. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. Aptiv has a twelve month low of $51.68 and a twelve month high of $88.93. The stock has a market capitalization of $12.83 billion, a P/E ratio of 35.87, a PEG ratio of 1.07 and a beta of 1.46.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The company had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the prior year, the business posted $1.69 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts predict that Aptiv will post 6.16 EPS for the current year.

Insider Activity

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the sale, the executive vice president directly owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.06% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB lifted its holdings in shares of Aptiv by 34.2% in the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock valued at $349,067,000 after purchasing an additional 1,167,946 shares in the last quarter. Thematics Asset Management grew its holdings in Aptiv by 56.9% during the third quarter. Thematics Asset Management now owns 261,454 shares of the auto parts company’s stock worth $22,543,000 after buying an additional 94,782 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Aptiv in the 3rd quarter valued at $297,917,000. CSM Advisors LLC purchased a new stake in Aptiv in the 3rd quarter valued at $19,335,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Aptiv by 2.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,915,906 shares of the auto parts company’s stock valued at $228,724,000 after acquiring an additional 81,492 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.