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

Equities researchers at StockNews.com assumed coverage on shares of Aptiv (NYSE:APTV) in a research report issued on Wednesday. The firm set a “hold” rating on the auto parts company’s stock.

APTV has been the subject of a number of other research reports. Barclays decreased their target price on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $78.00 to $87.00 in a report on Friday, September 20th. Guggenheim cut their price target on shares of Aptiv from $87.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Nomura Securities raised Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Robert W. Baird cut their target price on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Aptiv has an average rating of “Moderate Buy” and a consensus price target of $85.29.

Aptiv Stock Performance

Shares of Aptiv stock opened at $55.28 on Wednesday. The company’s 50 day moving average price is $64.56 and its two-hundred day moving average price is $69.96. The firm has a market capitalization of $12.99 billion, a P/E ratio of 6.17, a P/E/G ratio of 0.55 and a beta of 1.81. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $91.66. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. 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 posted $1.30 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, equities analysts forecast that Aptiv will post 6.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of APTV. Independence Bank of Kentucky bought a new stake in shares of Aptiv in the second quarter worth $25,000. Brown Brothers Harriman & Co. grew its stake in shares of Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 409 shares during the period. Crewe Advisors LLC increased its position in shares of Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 215 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Aptiv in the 2nd quarter worth approximately $38,000. 94.21% of the stock is owned by hedge funds and other 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.