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

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

Other analysts also recently issued research reports about the stock. Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Argus raised Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. Oppenheimer upped their price target on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. TD Cowen started coverage on Aptiv in a report on Friday, March 7th. They set a “buy” rating and a $90.00 price objective for the company. Finally, UBS Group increased their price objective on shares of Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.61.

Aptiv Stock Performance

NYSE APTV opened at $60.58 on Thursday. The stock has a market capitalization of $13.90 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 0.62 and a beta of 1.78. The business’s 50 day moving average is $64.05 and its two-hundred day moving average is $63.01. Aptiv has a 12-month low of $51.47 and a 12-month high of $85.56. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last announced 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%. Research analysts expect that Aptiv will post 7.2 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares of the company’s stock, 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 this hyperlink. 0.45% of the stock is currently owned by insiders.

Institutional Trading of Aptiv

Several large investors have recently added to or reduced their stakes in APTV. Brown Brothers Harriman & Co. boosted its position in shares of Aptiv by 1,410.3% in the third 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 position in Aptiv during the 4th quarter worth approximately $37,000. Brooklyn Investment Group purchased a new position in Aptiv in the 3rd quarter worth approximately $43,000. CENTRAL TRUST Co grew 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 valued at $52,000 after acquiring an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of Aptiv during the third quarter worth $64,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.