StockNews.com Begins Coverage on Aptiv (NYSE:APTV)

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

Several other research analysts also recently commented on APTV. Bank of America reduced their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Barclays reduced their price objective on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Morgan Stanley reduced their price objective on Aptiv from $70.00 to $68.00 and set an “underweight” rating for the company in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft cut their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, TD Cowen cut their target price on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Aptiv Trading Down 0.4 %

Shares of APTV stock opened at $56.14 on Monday. 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 market cap of $13.20 billion, a price-to-earnings ratio of 6.32, a PEG ratio of 0.50 and a beta of 1.81. The stock has a 50 day simple moving average of $67.42 and a 200-day simple moving average of $71.71. Aptiv has a 1-year low of $52.81 and a 1-year high of $91.66.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the company earned $1.30 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, equities research analysts expect that Aptiv will post 6.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

A number of hedge funds have recently modified their holdings of APTV. Empowered Funds LLC boosted its holdings in Aptiv by 81.2% during the 1st quarter. Empowered Funds LLC now owns 5,334 shares of the auto parts company’s stock valued at $425,000 after acquiring an additional 2,390 shares during the period. Oppenheimer & Co. Inc. purchased a new position in Aptiv during the 1st quarter valued at about $477,000. Illinois Municipal Retirement Fund purchased a new position in Aptiv during the 1st quarter valued at about $875,000. Sei Investments Co. boosted its holdings in Aptiv by 9.5% during the 1st quarter. Sei Investments Co. now owns 287,781 shares of the auto parts company’s stock valued at $22,926,000 after acquiring an additional 25,003 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in Aptiv by 8.7% during the 1st quarter. QRG Capital Management Inc. now owns 11,790 shares of the auto parts company’s stock valued at $939,000 after acquiring an additional 941 shares during the period. 94.21% of the stock is currently owned by hedge funds and other 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.