Aptiv (NYSE:APTV) Research Coverage Started at StockNews.com

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

APTV has been the topic of several other reports. JPMorgan Chase & Co. upped their price objective on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and upped their target price for the company from $75.00 to $82.00 in a report on Monday, January 27th. Barclays lowered their price target on shares of Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Oppenheimer reduced their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Morgan Stanley lowered their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. One equities research 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.47.

Aptiv Price Performance

APTV stock opened at $62.35 on Thursday. The firm has a 50 day moving average of $59.60 and a 200-day moving average of $64.51. The company has a market cap of $14.66 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 0.55 and a beta of 1.75. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Aptiv has a 12-month low of $51.47 and a 12-month high of $88.89.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the business posted $1.30 earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, equities analysts expect that Aptiv will post 6.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Proactive Wealth Strategies LLC acquired a new position in shares of Aptiv during the 3rd quarter valued at $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Aptiv by 73.6% during 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 in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Aptiv in the 3rd quarter worth approximately $14,893,000. Shorepath Capital Management LLC raised its holdings 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 worth $3,998,000 after purchasing an additional 11,835 shares in the last quarter. Finally, National Pension Service lifted its stake in Aptiv by 16.6% during the third quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock valued at $36,214,000 after purchasing an additional 71,633 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

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.