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

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

A number of other equities research analysts have also commented on APTV. Royal Bank of Canada decreased their price objective on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Robert W. Baird reduced their target price on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. TD Cowen reduced their target price 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. Finally, Morgan Stanley reduced 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. 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, Aptiv has an average rating of “Moderate Buy” and a consensus price target of $84.29.

Aptiv Stock Up 2.1 %

APTV opened at $60.57 on Tuesday. The firm’s 50-day simple moving average is $57.37 and its 200-day simple moving average is $65.21. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv has a twelve month low of $51.47 and a twelve month high of $88.89. The firm has a market cap of $14.24 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 0.59 and a beta of 1.78.

Aptiv (NYSE:APTV) last issued 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 for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The company’s revenue was down 5.1% on a year-over-year basis. Equities research analysts anticipate that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Institutional investors and hedge funds have recently made changes to their positions in the stock. Shorepath Capital Management LLC raised its stake in Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after acquiring an additional 11,835 shares during the period. Douglas Lane & Associates LLC raised its stake in Aptiv by 16.3% in the 4th quarter. Douglas Lane & Associates LLC now owns 1,011,935 shares of the auto parts company’s stock valued at $61,202,000 after acquiring an additional 141,587 shares during the period. Everence Capital Management Inc. raised its stake in Aptiv by 63.4% in the 4th quarter. Everence Capital Management Inc. now owns 11,520 shares of the auto parts company’s stock valued at $697,000 after acquiring an additional 4,470 shares during the period. Principal Financial Group Inc. raised its stake in Aptiv by 1.1% in 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 acquiring an additional 3,400 shares during the period. Finally, Inspire Trust Co. N.A. raised its stake in Aptiv by 48.0% in the 3rd 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 period. Institutional investors 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.