Aptiv (NYSE:APTV) Raised to Outperform at Robert W. Baird

Robert W. Baird upgraded shares of Aptiv (NYSE:APTV) from a neutral rating to an outperform rating in a report published on Monday morning, Marketbeat Ratings reports. Robert W. Baird currently has $82.00 target price on the auto parts company’s stock, up from their prior target price of $75.00.

Other analysts also recently issued research reports about the company. TD Cowen dropped their target price on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Bank of America decreased their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Royal Bank of Canada lowered their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $53.00 to $65.00 in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus price target of $85.47.

Aptiv Price Performance

NYSE:APTV opened at $64.25 on Monday. Aptiv has a 52-week low of $51.47 and a 52-week high of $88.89. The stock has a fifty day moving average of $58.60 and a 200 day moving average of $64.73. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The firm has a market capitalization of $15.10 billion, a price-to-earnings ratio of 7.17, a P/E/G ratio of 0.56 and a beta of 1.75.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the firm posted $1.30 earnings per share. Aptiv’s quarterly revenue was down 5.1% on a year-over-year basis. On average, research analysts expect that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

A number of institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Aptiv by 1,390.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after acquiring an additional 5,002,090 shares during the last quarter. Harris Associates L P bought a new stake in shares of Aptiv in the 3rd quarter worth $162,640,000. Point72 Asset Management L.P. purchased a new position in shares of Aptiv in the third quarter worth $143,909,000. FMR LLC lifted its holdings in shares of Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after purchasing an additional 1,294,670 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after buying an additional 1,090,766 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

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.