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

Research analysts at StockNews.com assumed coverage on shares of Aptiv (NYSE:APTV) in a research note issued on Sunday. The brokerage set a “hold” rating on the auto parts company’s stock.

A number of other research analysts have also recently commented on APTV. Bank of America reduced their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. JPMorgan Chase & Co. boosted their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Wells Fargo & Company reduced their target price on shares of Aptiv from $74.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, TD Cowen dropped their target price on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and an average target price of $84.29.

Aptiv Stock Performance

Shares of APTV opened at $60.34 on Friday. Aptiv has a 52-week low of $51.47 and a 52-week high of $91.66. The stock’s 50-day simple moving average is $58.53 and its 200 day simple moving average is $66.16. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78.

Aptiv (NYSE:APTV) last posted 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 net margin of 12.29% and a return on equity of 14.51%. Aptiv’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.30 EPS. Research analysts forecast that Aptiv will post 6.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

A number of hedge funds have recently bought and sold shares of APTV. Principal Financial Group Inc. raised its stake in Aptiv by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 316,706 shares of the auto parts company’s stock valued at $22,806,000 after buying an additional 3,400 shares during the last quarter. Inspire Trust Co. N.A. increased its position in Aptiv by 48.0% during the third quarter. Inspire Trust Co. N.A. now owns 28,000 shares of the auto parts company’s stock valued at $2,016,000 after acquiring an additional 9,075 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after acquiring an additional 1,090,766 shares during the period. Tidal Investments LLC boosted its position in Aptiv by 29.7% in the third quarter. Tidal Investments LLC now owns 15,509 shares of the auto parts company’s stock worth $1,117,000 after purchasing an additional 3,553 shares during the last quarter. Finally, World Investment Advisors LLC bought a new stake in shares of Aptiv during the 3rd quarter valued at about $212,000. 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.