Aptiv (NYSE:APTV) Raised to Neutral at Piper Sandler

Aptiv (NYSE:APTV) was upgraded by Piper Sandler from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage currently has a $65.00 target price on the auto parts company’s stock, up from their previous target price of $53.00. Piper Sandler’s target price would indicate a potential upside of 3.59% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. TD Cowen dropped their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Oppenheimer lowered their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. StockNews.com initiated coverage on Aptiv in a research note on Wednesday. They issued a “hold” rating for the company. Finally, Fox Advisors downgraded Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and a consensus target price of $84.71.

Aptiv Stock Up 1.6 %

APTV stock opened at $62.75 on Thursday. The stock’s 50 day simple moving average is $58.19 and its 200 day simple moving average is $64.84. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $88.89. 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 company has a market cap of $14.75 billion, a P/E ratio of 7.00, a price-to-earnings-growth ratio of 0.55 and a beta of 1.75.

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

Hedge Funds Weigh In On Aptiv

Several institutional investors and hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in shares of Aptiv by 31.2% during the second quarter. Pacer Advisors Inc. now owns 28,921 shares of the auto parts company’s stock worth $2,037,000 after acquiring an additional 6,875 shares in the last quarter. Ensign Peak Advisors Inc lifted its position in shares of Aptiv by 132.8% during the second quarter. Ensign Peak Advisors Inc now owns 100,192 shares of the auto parts company’s stock worth $7,056,000 after acquiring an additional 57,145 shares in the last quarter. Insigneo Advisory Services LLC lifted its position in shares of Aptiv by 22.1% during the second quarter. Insigneo Advisory Services LLC now owns 5,868 shares of the auto parts company’s stock worth $406,000 after acquiring an additional 1,064 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Aptiv by 27.7% during the second quarter. AQR Capital Management LLC now owns 738,000 shares of the auto parts company’s stock worth $51,062,000 after acquiring an additional 159,950 shares in the last quarter. Finally, APG Asset Management N.V. lifted its position in shares of Aptiv by 5.9% during the second quarter. APG Asset Management N.V. now owns 577,793 shares of the auto parts company’s stock worth $37,964,000 after acquiring an additional 32,421 shares in the last quarter. 94.21% of the stock is owned by 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.