Aptiv (NYSE:APTV) Rating Increased to Strong-Buy at Baird R W

Baird R W upgraded shares of Aptiv (NYSE:APTV) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other brokerages have also recently issued reports on APTV. Guggenheim reiterated a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research note on Thursday, December 5th. Wells Fargo & Company increased their price target on shares of Aptiv from $70.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and raised their target price for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. Finally, TD Cowen lowered their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.47.

Aptiv Price Performance

Shares of APTV opened at $64.25 on Monday. The company has a 50 day moving average of $58.60 and a 200-day 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. The stock has a market capitalization of $15.10 billion, a P/E ratio of 7.17, a P/E/G 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.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 EPS. As a group, equities research analysts forecast that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

A number of large investors have recently added to or reduced their stakes in the stock. Tectonic Advisors LLC grew its holdings in shares of Aptiv by 5.7% during the 4th quarter. Tectonic Advisors LLC now owns 17,099 shares of the auto parts company’s stock worth $1,034,000 after purchasing an additional 915 shares in the last quarter. Money Concepts Capital Corp bought a new position in Aptiv in the 4th quarter valued at about $521,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Aptiv by 9.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,847 shares of the auto parts company’s stock valued at $2,343,000 after buying an additional 3,426 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Aptiv by 50.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,481 shares of the auto parts company’s stock worth $392,000 after acquiring an additional 2,174 shares during the period. Finally, Ninety One SA PTY Ltd acquired a new stake in shares of Aptiv during the 4th quarter worth approximately $351,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.