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

StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the auto parts company’s stock.

A number of other research analysts have also commented on APTV. Oppenheimer upped their price target on shares of Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Royal Bank of Canada upped their target price on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. HSBC raised Aptiv from a “hold” rating to a “buy” rating and lifted their price target for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. TD Cowen initiated coverage on Aptiv in a report on Friday, March 7th. They issued a “buy” rating and a $90.00 price objective on the stock. Finally, Evercore ISI dropped their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $82.44.

Aptiv Price Performance

Shares of APTV opened at $51.10 on Friday. The company’s fifty day simple moving average is $60.41 and its 200 day simple moving average is $60.83. Aptiv has a 1-year low of $47.19 and a 1-year high of $85.56. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 7.43, a PEG ratio of 0.62 and a beta of 1.64. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, research analysts forecast that Aptiv will post 7.2 earnings per share for the current fiscal year.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv 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 sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aptiv

A number of hedge funds have recently modified their holdings of APTV. OLD Second National Bank of Aurora increased its stake in shares of Aptiv by 1.0% in the first quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company’s stock valued at $1,461,000 after buying an additional 239 shares during the period. River Street Advisors LLC boosted its stake in shares of Aptiv by 10.2% in the 1st quarter. River Street Advisors LLC now owns 5,173 shares of the auto parts company’s stock valued at $308,000 after purchasing an additional 479 shares during the last quarter. Blue Trust Inc. increased its position in shares of Aptiv by 48.4% during the first quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company’s stock worth $74,000 after buying an additional 406 shares during the period. Johnson Investment Counsel Inc. acquired a new stake in shares of Aptiv during the first quarter worth $305,000. Finally, Chicago Capital LLC acquired a new position in Aptiv in the first quarter valued at $227,000. Institutional investors and hedge funds 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.