Aptiv (NYSE:APTV) Upgraded at Argus

Argus upgraded shares of Aptiv (NYSE:APTV) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. Raymond James restated a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. Evercore ISI cut their price target on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday. Barclays boosted their target price on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Robert W. Baird raised Aptiv from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $75.00 to $82.00 in a research note on Monday, January 27th. Finally, StockNews.com assumed coverage on shares of Aptiv in a research note on Friday, February 7th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Price Performance

Shares of Aptiv stock opened at $66.46 on Tuesday. Aptiv has a 1-year low of $51.47 and a 1-year high of $85.56. The firm’s 50-day moving average price is $60.75 and its two-hundred day moving average price is $64.10. The company has a current ratio of 1.53, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $15.62 billion, a price-to-earnings ratio of 9.66, a P/E/G ratio of 0.54 and a beta of 1.74.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, equities analysts predict that Aptiv will post 7.14 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

Several institutional investors have recently made changes to their positions in the business. Wolff Wiese Magana LLC raised its position in Aptiv by 44.3% during the third 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 during the period. Farther Finance Advisors LLC increased its holdings in shares of Aptiv by 16.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock valued at $88,000 after acquiring an additional 176 shares during the period. Covestor Ltd grew its position in shares of Aptiv by 11.4% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock worth $110,000 after buying an additional 186 shares during the last quarter. Boston Common Asset Management LLC increased its position in shares of Aptiv by 4.8% during the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock worth $249,000 after purchasing an additional 188 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Aptiv by 4.9% during the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock worth $334,000 after acquiring an additional 218 shares during the last quarter. Hedge funds and other 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.