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

Analysts at StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV) in a report issued on Monday. The brokerage set a “hold” rating on the auto parts company’s stock.

Other equities analysts also recently issued reports about the company. Wells Fargo & Company boosted their price objective on Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Guggenheim reduced their target price on shares of Aptiv from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. TD Cowen assumed coverage on Aptiv in a report on Friday, March 7th. They set a “buy” rating and a $90.00 price target on the stock. Oppenheimer boosted their target price on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, UBS Group restated a “neutral” rating and issued a $58.00 price target (down from $91.00) on shares of Aptiv in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and a consensus target price of $81.94.

Aptiv Price Performance

NYSE APTV opened at $57.73 on Monday. The company has a 50-day moving average price of $58.99 and a 200-day moving average price of $60.24. Aptiv has a 52 week low of $47.19 and a 52 week high of $85.56. 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 firm has a market capitalization of $13.25 billion, a P/E ratio of 8.39, a PEG ratio of 0.62 and a beta of 1.64.

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

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Aptiv in the 3rd quarter worth $783,000. World Investment Advisors LLC purchased a new position in Aptiv during the third quarter worth about $212,000. Tidal Investments LLC boosted its holdings in Aptiv by 29.7% in the 3rd 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 last quarter. Franklin Resources Inc. grew its stake in shares of Aptiv by 29.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after buying an additional 1,090,766 shares during the period. Finally, Inspire Trust Co. N.A. increased its holdings in shares of Aptiv by 48.0% during the 3rd quarter. Inspire Trust Co. N.A. now owns 28,000 shares of the auto parts company’s stock worth $2,016,000 after buying an additional 9,075 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.