Aptiv (NYSE:APTV) Rating Increased 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 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.

APTV has been the topic of a number of other reports. Barclays lowered their target price on shares of Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Guggenheim restated a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. TD Cowen lowered their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $85.47.

Aptiv Trading Down 0.1 %

Aptiv stock opened at $62.72 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $88.89. The stock has a market cap of $14.74 billion, a P/E ratio of 7.00, a PEG ratio of 0.56 and a beta of 1.75. The firm’s fifty day moving average price is $59.04 and its 200-day moving average price is $64.61.

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, topping analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period 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 Investors Weigh In On Aptiv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. grew its holdings in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 409 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Aptiv in the third quarter worth about $43,000. Brooklyn Investment Group purchased a new position in Aptiv during the 3rd quarter valued at about $43,000. Finally, Mather Group LLC. increased its holdings in Aptiv by 36.9% during 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 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.