Aptiv (NYSE:APTV) Upgraded by Argus to “Strong-Buy” Rating

Argus upgraded shares of Aptiv (NYSE:APTV) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

A number of other research analysts have also issued reports on the stock. Oppenheimer raised their price objective on shares of Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Bank of America dropped their price target on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Wells Fargo & Company lifted their price target on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Finally, Guggenheim reaffirmed a “buy” rating and set a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and an average target price of $85.61.

Aptiv Stock Performance

NYSE APTV opened at $65.48 on Tuesday. The firm’s fifty day moving average price is $60.75 and its two-hundred day moving average price is $64.10. The stock has a market cap of $15.39 billion, a PE ratio of 9.52, a PEG ratio of 0.54 and a beta of 1.74. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.53. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $85.56.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping 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%. On average, equities analysts expect that Aptiv will post 7.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Aptiv by 182.9% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 318,693 shares of the auto parts company’s stock valued at $19,275,000 after buying an additional 206,048 shares during the period. Wells Fargo & Company MN boosted its holdings in Aptiv by 6.5% in the fourth quarter. Wells Fargo & Company MN now owns 292,313 shares of the auto parts company’s stock worth $17,679,000 after acquiring an additional 17,881 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new stake in Aptiv in the fourth quarter valued at approximately $290,000. Prudential PLC increased its holdings in shares of Aptiv by 19.5% during the fourth quarter. Prudential PLC now owns 8,873 shares of the auto parts company’s stock valued at $537,000 after acquiring an additional 1,449 shares in the last quarter. Finally, ExodusPoint Capital Management LP raised its position in shares of Aptiv by 263.0% during the fourth quarter. ExodusPoint Capital Management LP now owns 38,694 shares of the auto parts company’s stock worth $2,340,000 after purchasing an additional 28,035 shares during the period. 94.21% of the stock is owned by 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.