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

Equities research analysts at StockNews.com assumed coverage on shares of Aptiv (NYSE:APTV) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the auto parts company’s stock.

Several other equities analysts have also weighed in on the stock. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Barclays reduced their price target on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. TD Cowen dropped their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Robert W. Baird dropped their price objective on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, Oppenheimer dropped their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 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 presently has a consensus rating of “Moderate Buy” and an average target price of $84.29.

Aptiv Stock Performance

NYSE APTV opened at $61.77 on Wednesday. Aptiv has a 1 year low of $51.47 and a 1 year high of $88.89. 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 market cap of $14.52 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.54 and a beta of 1.75. The company has a fifty day moving average price of $57.95 and a 200-day moving average price of $64.92.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (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%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 EPS. As a group, equities research analysts predict that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

A number of large investors have recently made changes to their positions in APTV. Brown Brothers Harriman & Co. lifted its position 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 valued at $32,000 after buying an additional 409 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings 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 acquiring an additional 155 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Aptiv during the 3rd quarter worth approximately $43,000. Brooklyn Investment Group purchased a new stake in shares of Aptiv during the 3rd quarter worth approximately $43,000. Finally, Mather Group LLC. raised its holdings in shares of Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after acquiring an additional 176 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

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.