Aptiv (NYSE:APTV) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Aptiv (NYSE:APTV) in a research report report published on Thursday morning. The brokerage issued a hold rating on the auto parts company’s stock.

APTV has been the subject of a number of other reports. Barclays reduced their price objective on shares of Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Robert W. Baird raised shares of Aptiv from a “neutral” rating to an “outperform” rating and raised their price target for the company from $75.00 to $82.00 in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, TD Cowen dropped their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and a consensus price target of $85.47.

Aptiv Stock Performance

Shares of APTV opened at $62.88 on Thursday. The firm has a market capitalization of $14.78 billion, a PE ratio of 7.02, a price-to-earnings-growth 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 simple moving average of $59.25 and a two-hundred day simple moving average of $64.59. Aptiv has a one year low of $51.47 and a one year high of $88.89.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. boosted its position in shares of 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 acquiring an additional 409 shares during the last quarter. Wolff Wiese Magana LLC raised its position in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Aptiv during the 3rd quarter worth approximately $43,000. Brooklyn Investment Group purchased a new stake in shares of Aptiv during the third quarter valued at $43,000. Finally, Mather Group LLC. grew its stake in Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after acquiring an additional 176 shares in the last quarter. 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.