StockNews.com Initiates Coverage on Aptiv (NYSE:APTV)

Research analysts at StockNews.com started coverage on shares of Aptiv (NYSE:APTV) in a report issued on Saturday. The firm set a “hold” rating on the auto parts company’s stock.

A number of other research analysts have also commented on APTV. TD Cowen decreased their price target on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Robert W. Baird decreased their target price on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Bank of America decreased their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Barclays dropped their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.29.

Aptiv Stock Performance

NYSE APTV opened at $58.86 on Friday. The firm has a market capitalization of $13.83 billion, a P/E ratio of 6.57, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78. 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 fifty day moving average price is $59.59 and its two-hundred day moving average price is $66.98. Aptiv has a 1 year low of $51.47 and a 1 year high of $91.66.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the prior year, the firm earned $1.30 EPS. Aptiv’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, research analysts anticipate that Aptiv will post 6.15 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Aptiv by 1,390.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after acquiring an additional 5,002,090 shares during the last quarter. Harris Associates L P bought a new stake in shares of Aptiv during the 3rd quarter valued at approximately $162,640,000. Point72 Asset Management L.P. bought a new stake in shares of Aptiv during the 3rd quarter valued at approximately $143,909,000. Massachusetts Financial Services Co. MA lifted its stake in Aptiv by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after purchasing an additional 1,764,844 shares during the last quarter. Finally, FMR LLC boosted its position in Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after buying an additional 1,294,670 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.