Aptiv (APTV) Price Target Lowered to $106.00 at Wells Fargo & Co

Aptiv (NYSE:APTV) had its target price trimmed by Wells Fargo & Co from $111.00 to $106.00 in a research report report published on Wednesday morning, The Fly reports. The firm currently has an outperform rating on the auto parts company’s stock.

A number of other brokerages also recently issued reports on APTV. Longbow Research set a $110.00 price target on Aptiv and gave the stock a buy rating in a research report on Friday, August 24th. Robert W. Baird reiterated a buy rating and set a $115.00 price target on shares of Aptiv in a research report on Wednesday, August 1st. Cowen set a $112.00 price target on Aptiv and gave the stock a buy rating in a research report on Tuesday, July 31st. Zacks Investment Research downgraded Aptiv from a buy rating to a hold rating in a research report on Wednesday, July 18th. Finally, Wolfe Research began coverage on Aptiv in a research report on Tuesday, October 2nd. They set an outperform rating on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the stock. Aptiv has an average rating of Buy and an average target price of $98.32.

Shares of APTV traded up $0.05 during mid-day trading on Wednesday, reaching $74.03. The company had a trading volume of 63,338 shares, compared to its average volume of 1,715,270. Aptiv has a 52-week low of $72.52 and a 52-week high of $103.23. The company has a quick ratio of 1.19, a current ratio of 1.55 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $22.21 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.17 and a beta of 1.57.

Aptiv (NYSE:APTV) last issued its earnings results on Tuesday, July 31st. The auto parts company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Aptiv had a return on equity of 41.16% and a net margin of 8.28%. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the business earned $1.13 earnings per share. The company’s revenue was up 16.8% compared to the same quarter last year. As a group, equities analysts anticipate that Aptiv will post 5.35 EPS for the current fiscal year.

In other news, SVP Susan M. Suver sold 1,174 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $95.00, for a total value of $111,530.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frank J. Dellaquila bought 750 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The stock was purchased at an average price of $89.00 per share, for a total transaction of $66,750.00. The disclosure for this purchase can be found here. Company insiders own 0.32% of the company’s stock.

Several large investors have recently bought and sold shares of APTV. First Mercantile Trust Co. acquired a new stake in shares of Aptiv in the second quarter valued at approximately $159,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Aptiv in the second quarter valued at approximately $162,000. RNC Capital Management LLC acquired a new stake in shares of Aptiv in the second quarter valued at approximately $202,000. CWM Advisors LLC acquired a new stake in shares of Aptiv in the second quarter valued at approximately $223,000. Finally, Jane Street Group LLC increased its holdings in shares of Aptiv by 106.0% in the first quarter. Jane Street Group LLC now owns 2,760 shares of the auto parts company’s stock valued at $235,000 after purchasing an additional 48,810 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

About Aptiv

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segments, Signal and Power Solutions; and Advanced Safety and User Experience.

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