Aptiv (NYSE:APTV) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV) in a research note published on Monday morning. The brokerage issued a hold rating on the auto parts company’s stock.

Several other research analysts have also issued reports on the stock. Morgan Stanley cut their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Friday, February 7th. Guggenheim restated a “buy” rating and set a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Barclays upped their price objective on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company upped their price objective on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $85.61.

Aptiv Stock Up 3.7 %

Shares of NYSE APTV opened at $65.13 on Monday. The firm has a market cap of $14.94 billion, a PE ratio of 9.47, a P/E/G ratio of 0.62 and a beta of 1.74. Aptiv has a 12-month low of $51.47 and a 12-month high of $85.56. The company’s fifty day simple moving average is $63.11 and its 200 day simple moving average is $63.81. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, sell-side analysts forecast that Aptiv will post 7.2 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

Large investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. increased its holdings in Aptiv by 1,410.3% during the third 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. Picton Mahoney Asset Management purchased a new stake in Aptiv during the fourth quarter worth about $37,000. Capital Performance Advisors LLP purchased a new stake in Aptiv during the third quarter worth about $43,000. Brooklyn Investment Group purchased a new stake in Aptiv during the third quarter worth about $43,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in Aptiv by 100.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 702 shares of the auto parts company’s stock worth $50,000 after buying an additional 351 shares during 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.