Aptiv (NYSE:APTV) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV) in a research report issued on Thursday. The brokerage set a “hold” rating on the auto parts company’s stock.

A number of other research firms have also recently commented on APTV. TD Cowen decreased their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Barclays decreased their price objective on Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Royal Bank of Canada lowered their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $85.47.

Aptiv Stock Performance

Shares of NYSE APTV opened at $62.35 on Thursday. The stock has a market cap of $14.66 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 0.55 and a beta of 1.75. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The firm has a fifty day moving average price of $59.44 and a 200-day moving average price of $64.58. Aptiv has a 1 year low of $51.47 and a 1 year high of $88.89.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the previous year, the business posted $1.30 earnings per share. Aptiv’s quarterly revenue was down 5.1% on a year-over-year basis. Equities analysts anticipate that Aptiv will post 6.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in APTV. Brown Brothers Harriman & Co. raised its stake in shares of Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in shares of Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Aptiv in the third quarter valued at approximately $43,000. Brooklyn Investment Group acquired a new position in Aptiv during the third quarter worth $43,000. Finally, Mather Group LLC. boosted its stake in Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $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.