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

StockNews.com started coverage on shares of Aptiv (NYSE:APTV) in a research note published on Monday morning. The firm issued a hold rating on the auto parts company’s stock.

Several other research analysts have also recently issued reports on APTV. Guggenheim reaffirmed a “buy” rating and issued a $73.00 price target on shares of Aptiv in a report on Thursday, December 5th. JPMorgan Chase & Co. upped their target price on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Oppenheimer dropped their price target on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Bank of America reduced their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average price target of $84.29.

Aptiv Stock Performance

Shares of NYSE APTV opened at $61.45 on Monday. Aptiv has a 1 year low of $51.47 and a 1 year high of $88.89. The firm has a market cap of $14.44 billion, a P/E ratio of 6.86, a PEG ratio of 0.59 and a beta of 1.75. The stock has a fifty day moving average price of $57.45 and a two-hundred day moving average price of $65.62. 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 (NYSE:APTV) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the company earned $1.30 earnings per share. Aptiv’s revenue was down 5.1% compared to the same quarter last year. Research analysts forecast that Aptiv will post 6.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APTV. Brown Brothers Harriman & Co. increased its stake in shares of Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares during the last quarter. Wolff Wiese Magana LLC increased 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 during the last quarter. Cullen Frost Bankers Inc. bought a new position in Aptiv during the second quarter valued at about $38,000. Capital Performance Advisors LLP acquired a new stake in shares of Aptiv in the third quarter worth about $43,000. Finally, Brooklyn Investment Group acquired a new position in shares of Aptiv during the 3rd quarter valued at about $43,000. 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.