Aptiv (NYSE:APTV) Upgraded at Baird R W

Baird R W upgraded shares of Aptiv (NYSE:APTV) from a hold rating to a strong-buy rating in a report published on Monday,Zacks.com reports.

A number of other equities research analysts have also weighed in on APTV. Deutsche Bank Aktiengesellschaft reduced their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada cut their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Morgan Stanley dropped their price target on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Piper Sandler raised Aptiv from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $53.00 to $65.00 in a research note on Thursday, January 23rd. Finally, Barclays lowered their price objective on Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.47.

Aptiv Price Performance

Aptiv stock opened at $62.72 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv has a 52 week low of $51.47 and a 52 week high of $88.89. The stock has a market capitalization of $14.74 billion, a P/E ratio of 7.00, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The stock has a fifty day moving average of $59.04 and a 200-day moving average of $64.61.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Aptiv’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. On average, sell-side analysts expect that Aptiv will post 6.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

A number of large investors have recently made changes to their positions in APTV. Brown Brothers Harriman & Co. grew its position in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares in the last quarter. Wolff Wiese Magana LLC grew its position in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Aptiv during the third quarter worth about $43,000. Brooklyn Investment Group bought a new stake in Aptiv during the third quarter worth about $43,000. Finally, Mather Group LLC. lifted its stake in Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after purchasing an additional 176 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

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.