Aptiv (NYSE:APTV) Given New $82.00 Price Target at The Goldman Sachs Group

Aptiv (NYSE:APTV) had its price target upped by The Goldman Sachs Group from $75.00 to $82.00 in a research note issued on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the auto parts company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 25.11% from the company’s current price.

APTV has been the topic of a number of other research reports. Fox Advisors decreased their target price on shares of Aptiv from $110.00 to $70.00 in a report on Friday, May 8th. Wall Street Zen lowered shares of Aptiv from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Morgan Stanley raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price target on the stock in a report on Friday, May 8th. Oppenheimer lowered their price objective on Aptiv from $106.00 to $84.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Finally, Evercore reduced their target price on Aptiv from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Twenty-two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $82.67.

Aptiv Price Performance

Shares of NYSE APTV opened at $65.54 on Thursday. The stock has a fifty day moving average of $60.77 and a 200-day moving average of $71.43. The stock has a market cap of $13.87 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 1.15 and a beta of 1.45. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. Aptiv has a fifty-two week low of $51.68 and a fifty-two week high of $88.93.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The business had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter last year, the company earned $1.69 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Aptiv will post 6.37 earnings per share for the current 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 stock was sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the transaction, the executive vice president directly owned 163,752 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is currently owned by company insiders.

Institutional Trading of Aptiv

Several hedge funds and other institutional investors have recently bought and sold shares of APTV. Saranac Partners Ltd bought a new stake in shares of Aptiv in the 3rd quarter worth approximately $25,000. Larson Financial Group LLC raised its position in Aptiv by 240.0% in the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 252 shares during the period. Geneos Wealth Management Inc. lifted its stake in Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 398 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in Aptiv during the third quarter valued at about $30,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in Aptiv during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

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.