Aptiv (NYSE:APTV) Upgraded by Robert W. Baird to “Outperform” Rating

Robert W. Baird upgraded shares of Aptiv (NYSE:APTV) from a neutral rating to an outperform rating in a research report sent to investors on Monday morning, Marketbeat Ratings reports. They currently have $82.00 target price on the auto parts company’s stock, up from their prior target price of $75.00.

Several other equities analysts have also issued reports on APTV. Bank of America dropped their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Guggenheim restated a “buy” rating and set a $73.00 target price on shares of Aptiv in a research report on Thursday, December 5th. Barclays lowered their target price on Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Wells Fargo & Company increased their price target on Aptiv from $70.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, TD Cowen lowered their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.47.

Aptiv Stock Performance

NYSE APTV opened at $64.25 on Monday. The company has a market capitalization of $15.10 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.56 and a beta of 1.75. Aptiv has a twelve month low of $51.47 and a twelve month high of $88.89. The stock has a fifty day simple moving average of $58.60 and a 200 day simple moving average of $64.73. 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 posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 14.51% and a net margin of 12.29%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.30 earnings per share. Sell-side analysts expect that Aptiv will post 6.15 EPS for the current year.

Institutional Investors Weigh In On Aptiv

A number of hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. increased its stake in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings 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 acquiring an additional 155 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Aptiv during the third quarter worth $43,000. Brooklyn Investment Group bought a new position in shares of Aptiv in the third quarter worth $43,000. Finally, Mather Group LLC. grew its position in shares of Aptiv by 36.9% in the third 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 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.