Aptiv (NYSE:APTV) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV) in a research note published on Thursday morning. The firm issued a hold rating on the auto parts company’s stock.

Several other equities analysts have also recently issued reports on APTV. TD Cowen initiated coverage on shares of Aptiv in a research report on Friday, March 7th. They set a “buy” rating and a $90.00 price target on the stock. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Guggenheim restated a “buy” rating and issued a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. Evercore ISI reduced their price target on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Finally, Argus upgraded Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.61.

Aptiv Stock Down 5.3 %

NYSE APTV opened at $62.31 on Thursday. Aptiv has a 1 year low of $51.47 and a 1 year high of $85.56. The stock has a market capitalization of $14.30 billion, a PE ratio of 9.06, a PEG ratio of 0.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The business’s 50-day moving average is $64.06 and its 200 day moving average is $63.08.

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

Insiders Place Their Bets

In related news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Aptiv

A number of hedge funds have recently added to or reduced their stakes in APTV. Brown Brothers Harriman & Co. grew its holdings in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 409 shares during the period. Picton Mahoney Asset Management bought a new stake in shares of Aptiv during the 4th quarter valued at about $37,000. Brooklyn Investment Group purchased a new stake in shares of Aptiv during the 3rd quarter valued at about $43,000. CENTRAL TRUST Co lifted its stake in shares of Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares during the period. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Aptiv in the third quarter worth approximately $64,000. 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.