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

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

Several other brokerages have also weighed in on APTV. Morgan Stanley decreased their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Robert W. Baird lowered their target price on Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Royal Bank of Canada reduced their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Wolfe Research initiated coverage on Aptiv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 target price on the stock. Finally, Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Aptiv has an average rating of “Moderate Buy” and a consensus target price of $85.29.

Aptiv Price Performance

Shares of NYSE:APTV opened at $55.28 on Wednesday. The business has a fifty day simple moving average of $64.56 and a 200-day simple moving average of $69.96. Aptiv has a 52 week low of $51.47 and a 52 week high of $91.66. The company has a market cap of $12.99 billion, a P/E ratio of 6.17, a P/E/G ratio of 0.55 and a beta of 1.81. 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 (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating 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 company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the business earned $1.30 EPS. Aptiv’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities research analysts forecast that Aptiv will post 6.15 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its holdings in Aptiv by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after acquiring an additional 1,764,844 shares during the period. FMR LLC lifted its holdings in Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Aptiv by 13.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after purchasing an additional 905,431 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Aptiv by 1,390.6% in 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 buying an additional 5,002,090 shares in the last quarter. Finally, Mirova US LLC increased its position in Aptiv by 1.8% during the 2nd quarter. Mirova US LLC now owns 2,667,362 shares of the auto parts company’s stock worth $187,836,000 after buying an additional 48,393 shares during the period. 94.21% of the stock is currently owned by institutional investors.

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.