Aptiv (NYSE:APTV) Lifted to “Overweight” at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Aptiv (NYSE:APTV) from an equal weight rating to an overweight rating in a research note issued to investors on Friday morning, Marketbeat Ratings reports. The brokerage currently has $87.00 target price on the auto parts company’s stock, up from their prior target price of $78.00.

Other analysts have also issued research reports about the stock. Nomura Securities raised shares of Aptiv from a strong sell rating to a hold rating in a research report on Monday, August 19th. Wolfe Research began coverage on shares of Aptiv in a report on Thursday, September 5th. They set an outperform rating and a $89.00 target price on the stock. Evercore ISI cut their price target on Aptiv from $125.00 to $115.00 and set an outperform rating for the company in a report on Monday, July 15th. Royal Bank of Canada boosted their price objective on Aptiv from $85.00 to $87.00 and gave the company an outperform rating in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group cut their target price on Aptiv from $118.00 to $101.00 and set a buy rating for the company in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $95.44.

Aptiv Price Performance

Aptiv stock opened at $69.84 on Friday. The business’s 50 day simple moving average is $69.54 and its 200 day simple moving average is $74.01. Aptiv has a 12 month low of $63.62 and a 12 month high of $100.88. The company has a market cap of $19.00 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 0.60 and a beta of 1.79. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The firm had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Sell-side analysts forecast that Aptiv will post 6.28 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APTV. Broderick Brian C lifted its stake in Aptiv by 0.6% during the first quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock worth $1,731,000 after purchasing an additional 132 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Aptiv by 11.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock valued at $130,000 after acquiring an additional 146 shares during the last quarter. Signaturefd LLC grew its position in Aptiv by 6.2% during the second quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock valued at $189,000 after acquiring an additional 156 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of Aptiv by 27.3% during the first quarter. Lindbrook Capital LLC now owns 812 shares of the auto parts company’s stock worth $65,000 after acquiring an additional 174 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of Aptiv by 1.2% in the 4th quarter. Advisory Services Network LLC now owns 14,892 shares of the auto parts company’s stock worth $1,336,000 after acquiring an additional 180 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other 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.