Aptiv (NYSE:APTV) Shares Gap Up – Time to Buy?

Aptiv PLC (NYSE:APTV) gapped up prior to trading on Wednesday . The stock had previously closed at $61.79, but opened at $65.13. Aptiv shares last traded at $64.52, with a volume of 1,363,197 shares traded.

Analyst Upgrades and Downgrades

Several research firms have issued reports on APTV. Guggenheim restated a “buy” rating and set a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. Barclays dropped their target price on shares of Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday. TD Cowen decreased their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. StockNews.com began coverage on Aptiv in a research note on Wednesday. They issued a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $85.06.

Aptiv Stock Up 2.0 %

The firm has a market capitalization of $15.05 billion, a PE ratio of 7.14, a P/E/G ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The company has a 50-day moving average price of $58.19 and a 200 day moving average price of $64.84.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion for 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 company’s revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts forecast that Aptiv PLC will post 6.15 earnings per share for the current year.

Institutional Investors Weigh In On Aptiv

Several large investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. grew its holdings in Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Aptiv in the third quarter worth $43,000. Brooklyn Investment Group purchased a new stake in Aptiv during the third quarter valued at $43,000. Finally, Mather Group LLC. lifted its position in Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 176 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

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.