StockNews.com Initiates Coverage on Aptiv (NYSE:APTV)

Stock analysts at StockNews.com started coverage on shares of Aptiv (NYSE:APTV) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the auto parts company’s stock.

A number of other equities analysts also recently commented on the company. Wolfe Research assumed coverage on Aptiv in a report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a report on Friday, November 1st. Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $78.00 to $87.00 in a research note on Friday, September 20th. Fox Advisors cut Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Finally, Barclays dropped their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $86.53.

Aptiv Stock Performance

Shares of APTV stock opened at $52.59 on Tuesday. The stock’s 50-day moving average is $65.65 and its two-hundred day moving average is $70.85. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 5.87, a PEG ratio of 0.47 and a beta of 1.81. 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 1 year low of $51.47 and a 1 year high of $91.66.

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

Institutional Trading of Aptiv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APTV. Independence Bank of Kentucky acquired a new position in Aptiv during the 2nd quarter valued at $25,000. Crewe Advisors LLC raised its position in shares of Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after buying an additional 215 shares during the last quarter. 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 increased its stake in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in Aptiv in the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Company Profile

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.