Aptiv (NYSE:APTV) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV) in a report released on Tuesday. The firm set a “hold” rating on the auto parts company’s stock.

Several other research analysts have also recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Aptiv from $74.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Fox Advisors downgraded Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft decreased their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. TD Cowen dropped their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Bank of America reduced their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.29.

Aptiv Price Performance

Aptiv stock opened at $60.87 on Tuesday. The business’s fifty day moving average is $57.49 and its two-hundred day moving average is $65.15. 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 cap of $14.31 billion, a P/E ratio of 6.79, a P/E/G ratio of 0.59 and a beta of 1.75. Aptiv has a 52 week low of $51.47 and a 52 week high of $88.89.

Aptiv (NYSE:APTV) last issued its quarterly 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 business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.30 EPS. Equities research analysts forecast that Aptiv will post 6.15 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

A number of large investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. boosted its holdings in shares of 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 buying an additional 409 shares during the period. Wolff Wiese Magana LLC lifted its position in Aptiv by 44.3% in 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 in the last quarter. Capital Performance Advisors LLP acquired a new position in Aptiv in the 3rd quarter worth $43,000. Brooklyn Investment Group bought a new position in Aptiv during the 3rd quarter worth about $43,000. Finally, Mather Group LLC. raised its stake in shares of Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 176 shares during the period. 94.21% of the stock is 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.