Aptiv (NYSE:APTV) Upgraded by StockNews.com to Buy

Aptiv (NYSE:APTV) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

A number of other brokerages have also recently weighed in on APTV. Wells Fargo & Company cut their price objective on shares of Aptiv from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. UBS Group raised their price objective on Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Robert W. Baird boosted their target price on Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Guggenheim raised their price target on Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Oppenheimer dropped their price target on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and an average price target of $105.08.

Aptiv Price Performance

Shares of APTV stock opened at $69.79 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. Aptiv has a fifty-two week low of $65.13 and a fifty-two week high of $113.60. The firm has a market cap of $18.99 billion, a P/E ratio of 6.58, a P/E/G ratio of 0.67 and a beta of 1.79. The business’s 50 day moving average price is $77.57 and its 200-day moving average price is $79.39.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The firm had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period last year, the company posted $0.91 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that Aptiv will post 6.01 earnings per share for the current year.

Insider Activity at Aptiv

In related news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the sale, the director now owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Aptiv

A number of hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in Aptiv by 6.3% in the fourth quarter. Wells Fargo & Company MN now owns 455,651 shares of the auto parts company’s stock worth $40,881,000 after acquiring an additional 26,933 shares in the last quarter. Gradient Investments LLC raised its holdings in Aptiv by 36.1% during the 4th quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock valued at $13,902,000 after buying an additional 41,135 shares during the period. International Assets Investment Management LLC bought a new stake in Aptiv in the fourth quarter worth $13,120,000. FIFTHDELTA Ltd purchased a new position in Aptiv during the fourth quarter worth $50,767,000. Finally, Trillium Asset Management LLC increased its position in Aptiv by 33.1% during the fourth quarter. Trillium Asset Management LLC now owns 361,249 shares of the auto parts company’s stock valued at $32,411,000 after acquiring an additional 89,786 shares during the last quarter. 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.