Aptiv (NYSE:APTV) PT Lowered to $102.00 at Bank of America

Aptiv (NYSE:APTV) had its price objective trimmed by Bank of America from $105.00 to $102.00 in a research note published on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the auto parts company’s stock.

A number of other brokerages also recently issued reports on APTV. Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Oppenheimer reissued an “outperform” rating and set a $145.00 price target on shares of Aptiv in a report on Tuesday, July 9th. The Goldman Sachs Group lowered their price target on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. StockNews.com downgraded shares of Aptiv from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, Citigroup lowered their price target on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.13.

Aptiv Stock Up 0.6 %

APTV stock opened at $70.39 on Monday. The firm’s fifty day simple moving average is $69.98 and its 200-day simple moving average is $73.09. The company has a market capitalization of $19.15 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 0.65 and a beta of 1.79. 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 has a 12 month low of $63.62 and a 12 month high of $98.28.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.42 by $0.16. The business had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 EPS. As a group, equities research analysts forecast that Aptiv will post 6.28 earnings per share for the current year.

Institutional Investors Weigh In On Aptiv

A number of hedge funds have recently modified their holdings of APTV. Fisher Asset Management LLC raised its position in shares of Aptiv by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 286,644 shares of the auto parts company’s stock valued at $25,718,000 after buying an additional 5,860 shares during the last quarter. Vanguard Group Inc. increased its position in Aptiv by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock worth $2,843,905,000 after purchasing an additional 325,550 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Aptiv by 15.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 78,308 shares of the auto parts company’s stock worth $7,026,000 after purchasing an additional 10,363 shares during the last quarter. HighPoint Advisor Group LLC acquired a new stake in Aptiv during the fourth quarter worth about $664,000. Finally, Mather Group LLC. acquired a new stake in Aptiv during the first quarter worth about $33,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.