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

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

Several other research analysts have also commented on APTV. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Robert W. Baird reduced their target price on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average price target of $86.53.

Aptiv Stock Performance

Aptiv stock opened at $52.14 on Tuesday. Aptiv has a 12-month low of $51.47 and a 12-month high of $91.66. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 5.82, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81. 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’s fifty day moving average price is $65.91 and its 200 day moving average price is $70.97.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The company had revenue of $4.85 billion during 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%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.30 EPS. On average, research analysts forecast that Aptiv will post 6.18 EPS for the current fiscal year.

Institutional Trading of Aptiv

Several hedge funds have recently added to or reduced their stakes in APTV. Independence Bank of Kentucky acquired a new stake in Aptiv during the 2nd quarter valued at $25,000. Crewe Advisors LLC lifted its holdings in Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 215 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Aptiv by 1,410.3% during 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 in the last quarter. Wolff Wiese Magana LLC lifted its holdings in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Aptiv in the second quarter valued at about $38,000. Institutional investors own 94.21% of the company’s stock.

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.