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

Investment analysts at StockNews.com began coverage on shares of Aptiv (NYSE:APTV) in a note issued to investors on Monday. The firm set a “hold” rating on the auto parts company’s stock.

A number of other research analysts also recently commented on the company. Morgan Stanley lowered their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Guggenheim restated a “buy” rating and set a $73.00 price target on shares of Aptiv in a research report on Thursday, December 5th. Royal Bank of Canada cut their price objective on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. TD Cowen decreased their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Barclays cut their price target on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.29.

Aptiv Price Performance

Shares of APTV opened at $60.53 on Monday. Aptiv has a 52 week low of $51.47 and a 52 week high of $88.89. 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 has a market cap of $14.23 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 0.59 and a beta of 1.75. The stock has a 50 day moving average of $57.63 and a 200-day moving average of $65.74.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping 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 firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. As a group, analysts forecast that Aptiv will post 6.15 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Aptiv by 1,390.6% during the 3rd 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 worth $386,103,000 after buying an additional 5,002,090 shares during the period. Harris Associates L P acquired a new stake in shares of Aptiv during the third quarter valued at approximately $162,640,000. Point72 Asset Management L.P. purchased a new stake in shares of Aptiv in the 3rd quarter valued at approximately $143,909,000. Massachusetts Financial Services Co. MA boosted 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 worth $905,681,000 after purchasing an additional 1,764,844 shares during the period. Finally, FMR LLC grew its position in Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.