Aptiv (NYSE:APTV) Lifted to “Buy” at StockNews.com

Aptiv (NYSE:APTV) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

A number of other research analysts also recently commented on the company. Barclays reduced their price target on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. JPMorgan Chase & Co. increased their target price on Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Wells Fargo & Company dropped their price target on shares of Aptiv from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. Robert W. Baird increased their price objective on shares of Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, Guggenheim boosted their target price on shares of Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average target price of $105.08.

Aptiv Stock Up 0.5 %

Shares of NYSE:APTV opened at $69.79 on Thursday. The company has a market capitalization of $18.99 billion, a price-to-earnings ratio of 6.58, a price-to-earnings-growth ratio of 0.67 and a beta of 1.79. The company has a 50 day moving average of $77.57 and a two-hundred day moving average of $79.39. Aptiv has a 52-week low of $65.13 and a 52-week high of $113.60. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the business earned $0.91 EPS. The business’s revenue was up 1.1% on a year-over-year basis. As a group, analysts forecast that Aptiv will post 6.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Aptiv

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total value of $30,330.12. Following the sale, the director now directly owns 13,636 shares in the company, valued at $1,049,699.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aptiv

A number of hedge funds have recently made changes to their positions in the business. Riverview Trust Co bought a new position in Aptiv in the 1st quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Aptiv in the fourth quarter valued at approximately $29,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Aptiv during the first quarter valued at approximately $28,000. GAMMA Investing LLC bought a new stake in Aptiv during the fourth quarter worth approximately $32,000. Finally, Clearstead Trust LLC raised its holdings in Aptiv by 305.0% during the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 305 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

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.