StockNews.com Initiates Coverage on Aptiv (NYSE:APTV)

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

A number of other analysts have also weighed in on the stock. Barclays increased their price objective on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. UBS Group increased their price objective on shares of Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Royal Bank of Canada raised their target price on shares of Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $75.00 to $82.00 in a research note on Monday, January 27th. Finally, Guggenheim reissued a “buy” rating and set a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

Aptiv Stock Up 0.1 %

Shares of NYSE APTV opened at $62.74 on Wednesday. The firm’s 50-day moving average price is $63.69 and its 200-day moving average price is $63.31. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $14.39 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 0.62 and a beta of 1.78. Aptiv has a 12-month low of $51.47 and a 12-month high of $85.56.

Aptiv (NYSE:APTV) last announced its earnings results 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 net margin of 9.07% and a return on equity of 15.63%. On average, equities research analysts anticipate that Aptiv will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aptiv

Several institutional investors and hedge funds have recently bought and sold shares of the company. Covestor Ltd boosted its holdings in Aptiv by 11.4% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 186 shares during the last quarter. Boston Common Asset Management LLC boosted its holdings in Aptiv by 4.8% in the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock valued at $249,000 after purchasing an additional 188 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Aptiv by 4.9% in the 3rd 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 during the last quarter. Horizon Investments LLC boosted its holdings in Aptiv by 6.1% in the 4th quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock valued at $231,000 after purchasing an additional 219 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Aptiv by 0.5% in the 4th quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company’s stock valued at $3,128,000 after purchasing an additional 248 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.