Aptiv (NYSE:APTV) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Aptiv (NYSE:APTV) in a report released on Wednesday. The firm issued a hold rating on the auto parts company’s stock.

Other equities research analysts have also issued research reports about the stock. UBS Group boosted their price target on shares of Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a report on Friday, February 7th. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and boosted their price target for the company from $63.00 to $77.00 in a report on Tuesday, February 4th. Barclays boosted their price objective on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” 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 boosted their price objective for the stock from $75.00 to $82.00 in a research note on Monday, January 27th. Finally, Argus upgraded shares of Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

Aptiv Trading Down 0.1 %

NYSE:APTV opened at $62.40 on Wednesday. Aptiv has a one year low of $51.47 and a one year high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The firm has a market cap of $14.32 billion, a P/E ratio of 9.07, a P/E/G ratio of 0.62 and a beta of 1.78. The firm has a 50-day simple moving average of $63.82 and a 200-day simple moving average of $63.24.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 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%. Equities analysts anticipate that Aptiv will post 7.2 EPS for the current fiscal year.

Insider Activity

In related news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Aptiv

Large investors have recently made changes to their positions in the company. South Dakota Investment Council lifted its stake in shares of Aptiv by 32.9% in the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock valued at $7,799,000 after purchasing an additional 31,941 shares during the period. Focus Financial Network Inc. acquired a new position in shares of Aptiv in the 4th quarter valued at $379,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Aptiv by 73.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after purchasing an additional 47,215 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Aptiv in the 3rd quarter valued at $14,893,000. Finally, Shorepath Capital Management LLC lifted its stake in shares of Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after purchasing an additional 11,835 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

About Aptiv

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.