Aptiv (NYSE:APTV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Aptiv (NYSE:APTV) in a research report sent to investors on Monday. The brokerage issued a hold rating on the auto parts company’s stock.

A number of other research firms also recently issued reports on APTV. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and boosted their price objective for the company from $63.00 to $77.00 in a report on Tuesday, February 4th. Barclays boosted their target price on shares of Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Raymond James restated a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. Guggenheim restated a “buy” rating and issued a $73.00 target price on shares of Aptiv in a research report on Thursday, December 5th. Finally, Evercore ISI dropped their target price on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Stock Performance

NYSE APTV opened at $65.13 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $14.94 billion, a P/E ratio of 9.47, a P/E/G ratio of 0.62 and a beta of 1.74. Aptiv has a 12-month low of $51.47 and a 12-month high of $85.56. The firm has a 50-day moving average price of $63.11 and a two-hundred day moving average price of $63.81.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Analysts anticipate that Aptiv will post 7.2 earnings per share for the current year.

Hedge Funds Weigh In On Aptiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in 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 acquiring an additional 176 shares during the period. Covestor Ltd boosted its stake in shares of 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 stake in shares of 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 stake in shares of 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. Finally, Horizon Investments LLC boosted its stake in shares of 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. 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.