Aptiv (NYSE:APTV) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Aptiv (NYSE:APTV) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the auto parts company’s stock.

A number of other equities analysts also recently weighed in on APTV. Guggenheim reiterated a “buy” rating and issued a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $75.00 to $82.00 in a research note on Monday, January 27th. Oppenheimer lifted their target price on shares of Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Barclays upped their price target on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.61.

Aptiv Stock Down 2.7 %

Shares of NYSE:APTV opened at $60.58 on Thursday. The firm has a 50 day simple moving average of $64.05 and a 200 day simple moving average of $63.02. Aptiv has a 52 week low of $51.47 and a 52 week high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The company has a market cap of $13.90 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, research analysts expect that Aptiv will post 7.2 earnings per share for the current year.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On Aptiv

Several large investors have recently made changes to their positions in APTV. Brown Brothers Harriman & Co. increased its position in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of Aptiv during the 4th quarter worth approximately $37,000. Brooklyn Investment Group acquired a new stake in shares of Aptiv during the 3rd quarter valued at about $43,000. CENTRAL TRUST Co raised its position in Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of Aptiv during the 3rd quarter worth approximately $64,000. Institutional investors and hedge funds 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.