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

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

Other research analysts have also issued reports about the stock. Bank of America dropped their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft lowered 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. Robert W. Baird lowered 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. Oppenheimer lowered their target price on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Wells Fargo & Company lowered their target price on shares of Aptiv from $74.00 to $70.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Two equities 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. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and an average target price of $84.00.

Aptiv Stock Up 1.6 %

NYSE APTV opened at $62.75 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The company has a fifty day moving average of $58.06 and a two-hundred day moving average of $64.86. The firm has a market capitalization of $14.75 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 0.54 and a beta of 1.75. Aptiv has a 52 week low of $51.47 and a 52 week high of $88.89.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS 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%. Aptiv’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 earnings per share. On average, analysts predict that Aptiv will post 6.15 earnings per share for the current year.

Hedge Funds Weigh In On Aptiv

A number of large investors have recently added to or reduced their stakes in APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Aptiv by 1,390.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Harris Associates L P bought a new position in Aptiv in the third quarter worth about $162,640,000. Point72 Asset Management L.P. bought a new position in Aptiv in the third quarter worth about $143,909,000. FMR LLC raised its holdings in Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Aptiv by 29.9% during 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 acquiring an additional 1,090,766 shares in the last quarter. 94.21% of the stock is currently owned by 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.