Baird R W Upgrades Aptiv (NYSE:APTV) to “Strong-Buy”

Aptiv (NYSE:APTV) was upgraded by Baird R W from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other brokerages also recently weighed in on APTV. Guggenheim reiterated a “buy” rating and issued a $73.00 price target on shares of Aptiv in a report on Thursday, December 5th. Morgan Stanley reduced their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. Fox Advisors downgraded Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Bank of America dropped their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. upped their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.47.

Aptiv Price Performance

Shares of NYSE APTV opened at $62.81 on Monday. The business has a 50 day moving average price of $58.83 and a two-hundred day moving average price of $64.68. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $88.89. The firm has a market cap of $14.76 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. 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 released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the previous year, the firm earned $1.30 EPS. The company’s revenue was down 5.1% on a year-over-year basis. Sell-side analysts expect that Aptiv will post 6.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in APTV. Wolff Wiese Magana LLC boosted its stake in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares during the period. Mather Group LLC. boosted its position in Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after acquiring an additional 176 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 purchasing an additional 176 shares during the period. Boston Common Asset Management LLC lifted its position in shares of Aptiv by 4.8% in 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 position in Aptiv by 4.9% during the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock valued at $334,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds 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.