Aptiv (NYSE:APTV) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Aptiv (NYSE:APTV) in a research report sent to investors on Tuesday morning. The firm issued a hold rating on the auto parts company’s stock.

Several other equities research analysts also recently weighed in on APTV. Oppenheimer increased their price target on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Royal Bank of Canada lifted their target price on Aptiv from $60.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Raymond James restated a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. Piper Sandler lifted their price objective on shares of Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Finally, HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and upped their target price for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus target price of $82.06.

Aptiv Stock Up 3.7 %

Shares of APTV opened at $61.10 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The business has a fifty day moving average of $57.98 and a 200 day moving average of $59.74. The company has a market cap of $13.30 billion, a PE ratio of 8.88, a P/E/G ratio of 0.62 and a beta of 1.44. Aptiv has a 52-week low of $47.19 and a 52-week high of $85.35.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.14. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $1.16 EPS. On average, sell-side analysts expect that Aptiv will post 7.2 EPS for the current year.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction 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 completion of the sale, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aptiv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new position in shares of Aptiv in the fourth quarter valued at about $37,000. Mather Group LLC. increased its stake in shares of Aptiv by 155.2% in the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 385 shares during the period. Eastern Bank acquired a new position in Aptiv during the first quarter valued at $39,000. Versant Capital Management Inc boosted its holdings in Aptiv by 201.7% in the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 470 shares during the last quarter. Finally, UMB Bank n.a. purchased a new stake in Aptiv in the first quarter valued at $48,000. Hedge funds and other institutional investors 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.