Aptiv (NYSE:APTV) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Aptiv (NYSE:APTV) in a report released on Saturday. The firm set a “hold” rating on the auto parts company’s stock.

Several other research firms also recently commented on APTV. Barclays lowered their price objective on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Wolfe Research started coverage on Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price target for the company. Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Wells Fargo & Company decreased their target price on Aptiv from $74.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Royal Bank of Canada cut their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average target price of $84.29.

Aptiv Stock Performance

Shares of APTV stock opened at $58.86 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The company has a market cap of $13.83 billion, a PE ratio of 6.57, a PEG ratio of 0.59 and a beta of 1.78. Aptiv has a 12-month low of $51.47 and a 12-month high of $91.66. The business’s fifty day simple moving average is $59.59 and its 200-day simple moving average is $66.86.

Aptiv (NYSE:APTV) last issued its quarterly earnings results 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. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the company earned $1.30 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. Analysts expect that Aptiv will post 6.15 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

Institutional investors have recently modified their holdings of the stock. Proactive Wealth Strategies LLC acquired a new stake in shares of Aptiv in the 3rd quarter worth $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Aptiv by 73.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after purchasing an additional 47,215 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Aptiv during the third quarter worth about $14,893,000. National Pension Service boosted its holdings in Aptiv by 16.6% in the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock valued at $36,214,000 after purchasing an additional 71,633 shares during the last quarter. Finally, Mirabella Financial Services LLP grew its stake in shares of Aptiv by 184.8% in the 3rd quarter. Mirabella Financial Services LLP now owns 37,650 shares of the auto parts company’s stock valued at $2,711,000 after buying an additional 24,432 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.