Aptiv (NYSE:APTV) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Aptiv (NYSE:APTV) in a report issued on Friday. The firm set a “hold” rating on the auto parts company’s stock.

A number of other equities research analysts also recently issued reports on APTV. Wolfe Research began coverage on Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price target for the company. Guggenheim reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a research note on Thursday, December 5th. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Morgan Stanley reduced their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued 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 $85.29.

Aptiv Trading Down 1.0 %

Shares of APTV stock opened at $57.97 on Friday. The firm’s 50-day simple moving average is $60.90 and its 200-day simple moving average is $67.74. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. Aptiv has a 1-year low of $51.47 and a 1-year high of $91.66. The firm has a market cap of $13.63 billion, a P/E ratio of 6.47, a PEG ratio of 0.59 and a beta of 1.78.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of APTV. Independence Bank of Kentucky acquired a new stake in Aptiv during the 2nd quarter valued at approximately $25,000. Crewe Advisors LLC grew 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 worth $31,000 after buying an additional 215 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in Aptiv by 1,410.3% in 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 in the last quarter. Wolff Wiese Magana LLC boosted its stake in Aptiv by 44.3% during the 3rd 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 last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in Aptiv during the 2nd quarter worth $38,000. Hedge funds and other 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.