Aptiv (NYSE:APTV) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Aptiv (NYSE:APTV) in a research note issued to investors on Wednesday. The firm issued a hold rating on the auto parts company’s stock.

Several other research analysts have also recently commented on APTV. TD Cowen lowered their price target on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Robert W. Baird lowered their target price on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Wolfe Research started coverage on Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price objective for the company. Finally, Barclays cut their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and an average target price of $85.29.

Aptiv Stock Performance

NYSE:APTV opened at $55.50 on Wednesday. Aptiv has a 52 week low of $51.47 and a 52 week high of $91.66. The company has a fifty day simple moving average of $63.69 and a two-hundred day simple moving average of $69.57. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 6.19, a price-to-earnings-growth ratio of 0.56 and a beta of 1.81.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of APTV. Swedbank AB acquired a new stake in shares of Aptiv during the second quarter worth $25,018,000. Virtu Financial LLC acquired a new stake in shares of Aptiv in the 1st quarter worth $605,000. Proactive Wealth Strategies LLC purchased a new stake in shares of Aptiv in the third quarter valued at about $1,815,000. Parkside Investments LLC increased its stake in shares of Aptiv by 64.4% during the second quarter. Parkside Investments LLC now owns 101,325 shares of the auto parts company’s stock worth $7,135,000 after acquiring an additional 39,685 shares during the period. Finally, AMF Tjanstepension AB raised its holdings in Aptiv by 21.4% during the second quarter. AMF Tjanstepension AB now owns 117,043 shares of the auto parts company’s stock worth $8,242,000 after purchasing an additional 20,593 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

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.