Aptiv (NYSE:APTV) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of Aptiv (NYSE:APTV) from a neutral rating to an outperform rating in a report published on Monday, MarketBeat.com reports. The brokerage currently has $82.00 price objective on the auto parts company’s stock, up from their prior price objective of $75.00.

Other equities research analysts also recently issued reports about the stock. Guggenheim restated a “buy” rating and issued a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. Piper Sandler raised Aptiv from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $53.00 to $65.00 in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Barclays decreased their price target on Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Finally, Oppenheimer lowered their price target on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and a consensus price target of $85.47.

Aptiv Trading Down 0.1 %

NYSE APTV opened at $62.72 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv has a 52 week low of $51.47 and a 52 week high of $88.89. The business has a 50 day moving average price of $59.04 and a 200-day moving average price of $64.61. The company has a market cap of $14.74 billion, a price-to-earnings ratio of 7.00, a P/E/G ratio of 0.56 and a beta of 1.75.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. FMR LLC increased its holdings in Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after acquiring an additional 1,294,670 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Aptiv by 1,390.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after purchasing an additional 1,090,766 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Aptiv by 19.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock valued at $172,117,000 after buying an additional 468,069 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Aptiv by 18.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock valued at $179,189,000 after buying an additional 388,045 shares in the last quarter. Hedge funds and other institutional investors 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.