StockNews.com Begins Coverage on Aptiv (NYSE:APTV)

StockNews.com started coverage on shares of Aptiv (NYSE:APTV) in a report issued on Monday. The brokerage set a “hold” rating on the auto parts company’s stock.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company dropped their target price on shares of Aptiv from $74.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Morgan Stanley dropped their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. JPMorgan Chase & Co. increased 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. Royal Bank of Canada lowered their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, TD Cowen decreased their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.29.

Aptiv Stock Performance

NYSE APTV opened at $61.80 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The company has a fifty day simple moving average of $57.30 and a 200 day simple moving average of $65.53. Aptiv has a 12-month low of $51.47 and a 12-month high of $88.89. The company has a market cap of $14.53 billion, a P/E ratio of 6.90, a PEG ratio of 0.59 and a beta of 1.75.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping 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 firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the company posted $1.30 EPS. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. Sell-side analysts predict that Aptiv will post 6.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aptiv

A number of institutional investors have recently bought and sold shares of APTV. Everence Capital Management Inc. increased its holdings in shares of Aptiv by 63.4% in the fourth quarter. Everence Capital Management Inc. now owns 11,520 shares of the auto parts company’s stock worth $697,000 after purchasing an additional 4,470 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Aptiv by 1.1% in the third quarter. Principal Financial Group Inc. now owns 316,706 shares of the auto parts company’s stock worth $22,806,000 after purchasing an additional 3,400 shares during the last quarter. Inspire Trust Co. N.A. boosted its holdings in Aptiv by 48.0% during the 3rd quarter. Inspire Trust Co. N.A. now owns 28,000 shares of the auto parts company’s stock valued at $2,016,000 after acquiring an additional 9,075 shares during the period. Franklin Resources Inc. grew its holdings 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 worth $336,861,000 after purchasing an additional 1,090,766 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in Aptiv by 29.7% in the 3rd quarter. Tidal Investments LLC now owns 15,509 shares of the auto parts company’s stock worth $1,117,000 after acquiring an additional 3,553 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Company Profile

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.