Aptiv (NYSE:APTV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Aptiv (NYSE:APTV) in a research report released on Wednesday. The brokerage issued a hold rating on the auto parts company’s stock.

A number of other equities research analysts have also recently commented on APTV. Bank of America lowered their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Oppenheimer decreased their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Morgan Stanley decreased their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Robert W. Baird decreased their price objective on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.29.

Aptiv Price Performance

Shares of NYSE:APTV opened at $55.50 on Wednesday. The business’s fifty day moving average price is $64.27 and its two-hundred day moving average price is $69.86. The stock has a market cap of $13.04 billion, a PE ratio of 6.19, a price-to-earnings-growth ratio of 0.58 and a beta of 1.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv has a one year low of $51.47 and a one year high of $91.66.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Aptiv’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 EPS. On average, analysts forecast that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its position in Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after purchasing an additional 1,090,766 shares during the period. Tidal Investments LLC raised its position in Aptiv by 29.7% in the third quarter. Tidal Investments LLC now owns 15,509 shares of the auto parts company’s stock valued at $1,117,000 after purchasing an additional 3,553 shares during the period. World Investment Advisors LLC purchased a new stake in shares of Aptiv during the third quarter worth about $212,000. Virtu Financial LLC purchased a new stake in shares of Aptiv during the third quarter worth about $783,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Aptiv during the third quarter worth about $14,893,000. 94.21% of the stock is 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.