Aptiv (NYSE:APTV) Research Coverage Started at StockNews.com

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

A number of other equities research analysts have also recently issued reports on the company. Evercore ISI lowered their price objective on Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Wells Fargo & Company raised Aptiv from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $78.00 to $87.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. upped their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley dropped their price objective on Aptiv from $70.00 to $68.00 and set an “underweight” rating for the company in a research note on Wednesday, September 25th. Finally, Barclays dropped their price objective on Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and a consensus price target of $95.50.

Aptiv Price Performance

Shares of APTV opened at $69.31 on Friday. The company has a market cap of $18.86 billion, a price-to-earnings ratio of 6.53, a PEG ratio of 0.65 and a beta of 1.79. Aptiv has a 1-year low of $63.62 and a 1-year high of $91.66. The company’s fifty day simple moving average is $70.21 and its 200 day simple moving average is $72.83. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.16. The business had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. Aptiv’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 earnings per share. On average, research analysts forecast that Aptiv will post 6.28 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

A number of hedge funds have recently modified their holdings of APTV. Independence Bank of Kentucky bought a new position in Aptiv during the second quarter valued at about $25,000. Crewe Advisors LLC lifted its stake in shares of Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 215 shares during the period. Clearstead Trust LLC increased its position in shares of Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after buying an additional 305 shares in the last quarter. Wolff Wiese Magana LLC increased its position in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in Aptiv during the 2nd quarter worth about $38,000. Hedge funds and other institutional investors 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.