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

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

Several other equities research analysts have also issued reports on APTV. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. 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 report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Guggenheim reiterated a “buy” rating and set a $73.00 target price on shares of Aptiv in a research report on Thursday, December 5th. Finally, Royal Bank of Canada cut their target price 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. 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 stock. Based on data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average price target of $84.29.

Aptiv Price Performance

APTV stock opened at $61.77 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv has a 12 month low of $51.47 and a 12 month high of $88.89. The firm has a market cap of $14.52 billion, a P/E ratio of 6.89, a P/E/G ratio of 0.54 and a beta of 1.75. The company’s 50-day moving average price is $57.95 and its two-hundred day moving average price is $64.92.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. The company 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%. The firm’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 EPS. On average, analysts anticipate that Aptiv will post 6.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. lifted its position in shares of Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares during the period. Wolff Wiese Magana LLC increased its stake in Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Aptiv during the 3rd quarter valued at $43,000. Brooklyn Investment Group bought a new stake in Aptiv during the 3rd quarter valued at $43,000. Finally, Mather Group LLC. increased its stake in Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 176 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.