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

StockNews.com assumed coverage on shares of Aptiv (NYSE:APTV) in a report published on Wednesday. The brokerage issued a hold rating on the auto parts company’s stock.

A number of other equities analysts have also commented on the company. Deutsche Bank Aktiengesellschaft raised Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Friday, February 7th. Oppenheimer boosted their target price on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $53.00 to $65.00 in a research report on Thursday, January 23rd. Evercore ISI dropped their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Finally, Barclays boosted their target price on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $86.50.

Aptiv Price Performance

Aptiv stock opened at $62.75 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The firm has a market cap of $14.40 billion, a P/E ratio of 9.12, a P/E/G ratio of 0.62 and a beta of 1.78. The business’s fifty day moving average is $63.72 and its two-hundred day moving average is $63.31. Aptiv has a 52 week low of $51.47 and a 52 week high of $85.56.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS 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%. Equities research analysts forecast that Aptiv will post 7.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The stock was 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 directly owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Aptiv

Several large investors have recently modified their holdings of APTV. GSA Capital Partners LLP bought a new stake in shares of Aptiv in the third quarter worth about $364,000. CIBC Asset Management Inc increased its holdings in shares of Aptiv by 8.1% in the third quarter. CIBC Asset Management Inc now owns 31,964 shares of the auto parts company’s stock worth $2,302,000 after acquiring an additional 2,399 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Aptiv by 6.2% in the third quarter. Empowered Funds LLC now owns 6,404 shares of the auto parts company’s stock worth $461,000 after acquiring an additional 375 shares in the last quarter. Caprock Group LLC boosted its position in shares of Aptiv by 46.0% during the third quarter. Caprock Group LLC now owns 5,423 shares of the auto parts company’s stock worth $391,000 after buying an additional 1,708 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of Aptiv by 18.9% during the third quarter. Advisors Asset Management Inc. now owns 9,917 shares of the auto parts company’s stock worth $714,000 after buying an additional 1,575 shares in the last quarter. 94.21% of the stock is currently owned by 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.