Aptiv (NYSE:APTV) Earns Hold Rating from Analysts at StockNews.com

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

Several other research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Barclays dropped their price objective on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Oppenheimer reduced their target price on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Robert W. Baird dropped their price target 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. Finally, JPMorgan Chase & Co. lifted their price objective 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.29.

Aptiv Price Performance

NYSE APTV opened at $60.53 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 firm has a market capitalization of $14.23 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 0.59 and a beta of 1.75. The company has a 50 day simple moving average of $57.63 and a 200-day simple moving average of $65.74. Aptiv has a 52-week low of $51.47 and a 52-week high of $88.89.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in APTV. Commonwealth Equity Services LLC increased its holdings in shares of Aptiv by 11.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 32,891 shares of the auto parts company’s stock worth $2,316,000 after purchasing an additional 3,383 shares during the period. Van ECK Associates Corp bought a new stake in shares of Aptiv in the 2nd quarter worth approximately $496,000. TD Asset Management Inc grew its holdings in shares of Aptiv by 1.7% during the 2nd quarter. TD Asset Management Inc now owns 96,771 shares of the auto parts company’s stock worth $6,815,000 after purchasing an additional 1,580 shares in the last quarter. National Bank of Canada FI increased its position in shares of Aptiv by 28.4% during the second quarter. National Bank of Canada FI now owns 172,315 shares of the auto parts company’s stock valued at $11,793,000 after purchasing an additional 38,132 shares during the period. Finally, Savant Capital LLC raised its stake in shares of Aptiv by 856.5% in the second quarter. Savant Capital LLC now owns 34,462 shares of the auto parts company’s stock valued at $2,427,000 after purchasing an additional 30,859 shares in the last quarter. 94.21% of the stock is owned by 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.