Baird R W Upgrades Aptiv (NYSE:APTV) to “Strong-Buy”

Baird R W upgraded shares of Aptiv (NYSE:APTV) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

Other analysts also recently issued reports about the company. Guggenheim restated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Barclays lowered their price objective on Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. upped their target price on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $53.00 to $65.00 in a report on Thursday, January 23rd. Finally, Oppenheimer reduced their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.47.

Aptiv Trading Up 1.3 %

Shares of Aptiv stock opened at $64.25 on Monday. The firm has a market capitalization of $15.10 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The firm’s 50 day moving average is $58.60 and its 200 day moving average is $64.73. Aptiv has a 1 year low of $51.47 and a 1 year high of $88.89.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its holdings in shares of 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 buying an additional 409 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in Aptiv by 44.3% in the third 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 during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Aptiv during the 3rd quarter valued at approximately $43,000. Brooklyn Investment Group purchased a new stake in shares of Aptiv during the 3rd quarter worth approximately $43,000. Finally, Mather Group LLC. raised its holdings 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 worth $47,000 after purchasing an additional 176 shares during the period. 94.21% of the stock is currently owned by hedge funds and other 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.