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

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

Other analysts have also recently issued reports about the company. Piper Sandler raised Aptiv from an “underweight” rating to a “neutral” rating and upped their target price for the company from $53.00 to $65.00 in a research report on Thursday, January 23rd. Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $75.00 to $82.00 in a research report on Monday. Guggenheim restated a “buy” rating and issued a $73.00 price target on shares of Aptiv in a research note on Thursday, December 5th. Barclays lowered their target price on shares of Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Finally, Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.47.

Aptiv Stock Performance

NYSE:APTV opened at $62.72 on Thursday. Aptiv has a twelve month low of $51.47 and a twelve month high of $88.89. The company has a market cap of $14.74 billion, a P/E ratio of 7.00, a P/E/G ratio of 0.56 and a beta of 1.75. 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 company’s 50-day moving average price is $59.04 and its 200-day moving average price is $64.61.

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

Institutional Trading of Aptiv

Hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 valued at $386,103,000 after acquiring an additional 5,002,090 shares in the last quarter. Harris Associates L P bought a new stake in Aptiv during the third quarter valued at $162,640,000. Point72 Asset Management L.P. acquired a new stake in shares of Aptiv during the third quarter worth $143,909,000. FMR LLC lifted its position in shares of Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after buying an additional 1,294,670 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Aptiv by 29.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after buying an additional 1,090,766 shares during the period. Institutional investors and hedge funds 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.