Royal Bank Of Canada Cuts Aptiv (NYSE:APTV) Price Target to $78.00

Aptiv (NYSE:APTV) had its price objective trimmed by Royal Bank Of Canada from $90.00 to $78.00 in a research note published on Wednesday,Benzinga reports. The firm currently has an outperform rating on the auto parts company’s stock.

Other analysts have also issued research reports about the stock. Barclays lowered their price objective on shares of Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Argus dropped their target price on Aptiv from $99.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Piper Sandler decreased their price target on Aptiv from $106.00 to $94.00 and set an “overweight” rating for the company in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft lowered shares of Aptiv from a “buy” rating to a “hold” rating and set a $56.00 target price for the company. in a research note on Wednesday. Finally, Robert W. Baird set a $59.00 price objective on shares of Aptiv in a research report on Wednesday. Nineteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $77.50.

Aptiv Trading Up 6.8%

NYSE APTV opened at $49.46 on Wednesday. Aptiv has a twelve month low of $46.16 and a twelve month high of $88.93. The business’s fifty day moving average is $60.88 and its 200 day moving average is $65.70. The company has a quick ratio of 1.57, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 46.66, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Tuesday, August 4th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.21. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Aptiv had a net margin of 1.17% and a return on equity of 17.10%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.12 EPS. Aptiv has set its FY 2026 guidance at 5.600-5.800 EPS and its Q3 2026 guidance at 1.250-1.350 EPS. As a group, sell-side analysts expect that Aptiv will post 5.72 EPS for the current fiscal year.

Insider Transactions at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Institutional Trading of Aptiv

Several hedge funds and other institutional investors have recently made changes to their positions in APTV. NewEdge Advisors LLC lifted its stake in shares of Aptiv by 502.1% in the 1st quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock worth $926,000 after purchasing an additional 12,973 shares during the period. Woodline Partners LP boosted its position in shares of Aptiv by 439.2% during the first quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock worth $4,528,000 after acquiring an additional 61,994 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Aptiv by 110.7% during the 1st quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock valued at $566,000 after purchasing an additional 4,998 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 398 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Aptiv by 523.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,561 shares of the auto parts company’s stock worth $175,000 after acquiring an additional 2,150 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Company Profile

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.