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

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

APTV has been the topic of a number of other reports. Robert W. Baird dropped their target price on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Oppenheimer dropped their target price on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Bank of America dropped their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, TD Cowen dropped their price target 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 equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.29.

Aptiv Stock Up 0.9 %

Aptiv stock opened at $56.91 on Thursday. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $91.66. The stock has a market cap of $13.38 billion, a PE ratio of 6.35, a price-to-earnings-growth ratio of 0.56 and a beta of 1.78. The firm’s 50-day simple moving average is $62.46 and its 200 day simple moving average is $68.85. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.30 earnings per share. Research analysts predict that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Several institutional investors have recently added to or reduced their stakes in APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after buying an additional 5,002,090 shares during the period. Harris Associates L P purchased a new stake in Aptiv during the 3rd quarter valued at $162,640,000. Point72 Asset Management L.P. purchased a new stake in shares of Aptiv in the 3rd quarter worth about $143,909,000. Massachusetts Financial Services Co. MA lifted its position in shares of Aptiv by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after purchasing an additional 1,764,844 shares during the period. Finally, FMR LLC lifted its position in shares of Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares during the period. 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.