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

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

Several other brokerages have also commented on APTV. Barclays dropped their price target on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Wolfe Research began coverage on shares of Aptiv in a report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley cut their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Finally, Robert W. Baird decreased their price target on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.29.

Aptiv Price Performance

APTV opened at $60.34 on Friday. Aptiv has a 1 year low of $51.47 and a 1 year high of $91.66. The company’s 50 day simple moving average is $58.53 and its 200 day simple moving average is $66.09. The stock has a market capitalization of $14.18 billion, a PE ratio of 6.73, a P/E/G ratio of 0.59 and a beta of 1.78. 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 announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Aptiv’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the business earned $1.30 EPS. As a group, sell-side analysts expect that Aptiv will post 6.15 EPS for the current year.

Hedge Funds Weigh In On Aptiv

Institutional investors have recently made changes to their positions in the business. Proactive Wealth Strategies LLC bought a new stake in shares of Aptiv in the third quarter worth $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Aptiv by 73.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after acquiring an additional 47,215 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Aptiv in the 3rd quarter worth about $14,893,000. National Pension Service raised its stake in shares of Aptiv by 16.6% in the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock valued at $36,214,000 after purchasing an additional 71,633 shares in the last quarter. Finally, Mirabella Financial Services LLP lifted its position in shares of Aptiv by 184.8% during the third quarter. Mirabella Financial Services LLP now owns 37,650 shares of the auto parts company’s stock worth $2,711,000 after purchasing an additional 24,432 shares during the last quarter. 94.21% of the stock is 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.