Aptiv (NYSE:APTV) Receives New Coverage from Analysts at Wolfe Research

Wolfe Research started coverage on shares of Aptiv (NYSE:APTV) in a report released on Thursday morning, StockNewsAPI reports. The firm issued an outperform rating and a $89.00 price objective on the auto parts company’s stock.

APTV has been the subject of several other reports. Barclays decreased their target price on shares of Aptiv from $105.00 to $100.00 and set an overweight rating for the company in a research note on Monday, August 5th. Royal Bank of Canada decreased their target price on shares of Aptiv from $86.00 to $85.00 and set an outperform rating for the company in a research note on Wednesday, August 14th. Robert W. Baird decreased their target price on shares of Aptiv from $90.00 to $83.00 and set a neutral rating for the company in a research note on Friday, July 12th. Citigroup reduced their price objective on shares of Aptiv from $128.00 to $108.00 and set a buy rating for the company in a research report on Friday, July 12th. Finally, Piper Sandler cut shares of Aptiv from a neutral rating to an underweight rating and reduced their price objective for the stock from $78.00 to $63.00 in a research report on Wednesday, June 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $96.27.

Aptiv Stock Performance

Shares of NYSE APTV opened at $68.49 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. Aptiv has a 12 month low of $65.13 and a 12 month high of $104.72. The company has a 50 day simple moving average of $69.85 and a two-hundred day simple moving average of $74.74. The stock has a market cap of $18.63 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 0.65 and a beta of 1.79.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The business had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period in the previous year, the business posted $1.25 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, analysts predict that Aptiv will post 6.28 earnings per share for the current year.

Insider Activity at Aptiv

In related news, Director Nancy E. Cooper sold 394 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the completion of the sale, the director now owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in Aptiv by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 455,651 shares of the auto parts company’s stock worth $40,881,000 after buying an additional 26,933 shares during the period. Janney Montgomery Scott LLC boosted its stake in Aptiv by 36.6% during the first quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company’s stock worth $3,818,000 after buying an additional 12,835 shares during the period. FIFTHDELTA Ltd purchased a new position in Aptiv during the fourth quarter worth about $50,767,000. Trillium Asset Management LLC lifted its position in shares of Aptiv by 33.1% during the fourth quarter. Trillium Asset Management LLC now owns 361,249 shares of the auto parts company’s stock worth $32,411,000 after purchasing an additional 89,786 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Aptiv by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock worth $2,843,905,000 after purchasing an additional 325,550 shares in the last quarter. 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.